Watch the decline under the Shanghai and Shenzhen 300: 3780

Fundamental analysis:

On Thursday (October 20), the two cities of A shares soared in the afternoon. After the Shanghai and Shenzhen 300 rushed, the shock fell, and it closed down 0.31%throughout the day. The 2928 shares of the two cities fell, 1807 shares rose, and the turnover was 796 billion. Sold 6.22 billion, sold for the fourth consecutive trading day. Looking forward to the market outlook, the short -term market is expected to stabilize the rebound, and the short -term positive factors have increased, including the rise of economic stability, mild inflation, active real estate and market policies, and the credit of medium and long -term corporate credit began to rise. Therefore, the market security margins are already high.

CSI 300 one hour map

Technical analysis:

Looking at the 1 -hour chart, the Shanghai and Shenzhen 300 was blocked near 3869, and fell below the support of the 3780 line. At present, strong support has been transformed into pressure. MACD began to regain capacity under the zero axis. The short -term trend is weak. Look at 3700-3660 below.

Multi -time turning point: 3780

Resistance level: 3860.00 3950.00

Support bit: 3700.00 3660.00

Trading strategy: Watch the fall under 3780.00, target 3700.00 3660.00

Alternative strategy: Bullies above 3780.00, target 3860.00 3950.00