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Watch the decline under the Shanghai and Shenzhen 300: 3770

2022-10-24
865
Fundamental analysis:

On Friday (October 21), the three major indexes of A shares rose and declined. The Shanghai and Shenzhen 300 was mainly based on a red disk shock, with a closing of 0.13%. The market performance was relatively dull. Atrophy, the turnover of 71.2 billion, the net funds sold in the north sold 8.92 billion. Looking forward to the market outlook, A shares need to increase funds to drive the market's anti -bags, or wait for the release of the air to release sufficiently. If it is supported by the front low, the current chaos situation is expected to crack.

CSI 300 one hour map




Technical analysis:

Looking at the 1-hour picture, the CSI 300 was blocked near the gap 3770 before the rebound, and MACD began to regain the amount under the zero axis. The short-term trend was still weakened. 3660.

Multi -short turning point: 3770

Resistance level: 3770.00 3860.00
Support bit: 3700.00 3660.00

Trading strategy: Watch the fall under 3770.00, target 3700.00 3660.00
Alternative strategy: Bullies above 3770.00, target 3860.00 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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