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Watch the decline in CSI 300: 3710

2022-11-04
467
Fundamental analysis:

On Thursday (November 3), the two cities shrink down, and the market sentiment and money -making effects have declined significantly compared to the previous two trading days. The net for the capital to sell 4.565 billion yuan. Looking forward to the market outlook, the current grinding base will continue, and the current market is already at a historic low, which means that the current long -term cost -effective allocation of A equity assets of A equity interest is very high, and further decline space is limited, and it should not be overly pessimistic.

CSI 300 one hour map




Technical analysis:

Looking at the 1 -hour chart, the CSI 300 counterattack to the 3710 line was blocked and weakened, showing a high decline. At present, the 3710 has constituted a short -term resistance. At the same time, the MACD volume can appear quarterly atrophy on the zero axis, showing that the market is facing the direction of the direction. Continue to adjust the adjustment under 3710 within the day, the target below 3600-3500

Multi -short turning point: 3710

Resistance level: 3710.00 3770.00
Support bit: 3600.00 3500.00

Trading strategy: Watch the decline under 3710, target 3600.00 3500.00
Alternative strategy: Bullish on the 3710, target 3700.00 3760.00

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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