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Watch the callback under the Shanghai and Shenzhen 300: 3860

2022-10-19
1178
Fundamental analysis:

On Wednesday (October 19), the two cities in A shares fell. As of the closing, the Shanghai and Shenzhen 300 closed down 1.19%, the two cities fell 3791 shares, 1045 shares rose, with a turnover of 758 billion yuan. Looking forward to the market outlook, the index is blocked near 3100 points. Considering that the current trend is not reversed, the vibration is normal, and the market outlook still has the opportunity to rise upwards.

CSI 300 one hour map



Technical analysis:

Looking at the 1 -hour picture, the Shanghai and Shenzhen 300 rebounded to the nearby 3860. The pressure was confirmed in the secondary time, and the decline fell below the 3780 support. The short -term trend was weak. At the same time, the MACD appeared sharply on the zero axis. There is a recovery demand under 3860 within the day. Looking at 3740-3660 below.

Multi -short turning point: 3860

Resistance level: 3860.00 3950.00
Support bit: 3740.00 3660.00

Trading strategy: Watch the fall under 3860.00, target 3740.00 3660.00
Alternative strategy: Bullies above 3860.00, target 3900.00 3950.00

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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