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Watch the decline under the Shanghai and Shenzhen 300: 4010

2023-03-14
839
Fundamental analysis:

On Tuesday (March 14), the A -share market rose throughout the day. The three major indexes fell slightly. Overall the stocks fell more and less. The trading day volume was 93.1 billion yuan, and the northbound capital bought 755 million yuan. Looking forward to the market outlook, under the influence of the Silicon Valley Bank incident in the short -term U.S. Silicon Valley, diving during the adjustment stage was adjusted, but the impact of overseas incidents was limited, and domestic fundamental support was strong. The valuation of A shares was still at a historic low, and the index was not changed.


CSI 300 Four Hours Chart




Technical analysis:

Looking at the 4-hour chart, the Shanghai and Shenzhen 300 continued to fall under 4010. At the same time, the MACD re-capacity under the zero axis, and the trend was biased down. Under 4010, it continued to be empty. The target below was near 3920-3850.

Multi -time turning point: 4010

Resistance level: 4010.00 4090.00
Support bit: 3920.00 3850.00

Trading strategy: Light on 4010, target 4090.00 4150.00
Qualification Strategy: Watch the decline under 4010, target 3920.00 3850.00

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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