Shanghai and Shenzhen 300: support 4080 is effective

Fundamental analysis:

On Tuesday (April 11), the three major indexes were mixed. The Shanghai and Shenzhen 300 fell 0.05%. The two markets rose by 2,297 shares and fell by 2,486 shares. Looking ahead, after the market has undergone adjustments since February, the overall valuation is not high, the economic cycle is still in the early stages of recovery, and the earnings in the first quarter are expected to be the bottom of the year and improve quarter by quarter. The medium-term opportunities in the market still outweigh the risks.

CSI 300 four-hour chart

Brief technical analysis:

Looking at the 4-hour chart, the Shanghai and Shenzhen 300 will further fall and adjust, and the MACD volume can be reduced above the zero axis. The current trend is still upward, and the support continues to focus on around 4080. Above this level, look at around 4150-4200.

Resistance: 4150 4200

Support level: 4080 4000

Trading strategy: call above 4080, target 4150 4200

Alternative strategy: bearish below 4080, target 4000 3900