CM Trade

Download APP to receive bonus

GET

Watch the decline under the Shanghai and Shenzhen 300: 4173

2023-02-06
728
Fundamental analysis:

On Friday (February 2nd), the A -share cities were adjusted by the two cities, and the Shanghai and Shenzhen 300 sets fell 1.5%. In the afternoon, the science and technology and military stocks were shocked and rebounded, and finally closed down 0.68%. Nearly 3,000 shares of the two cities fell, 1900 shares rose, the amount could decline, and the turnover was 910 billion yuan. Looking forward to the market outlook, after the rise in January, the market's short -term demands have improved, but from the perspective of the mid -term, the opportunity of the index may not be over. Once the signs of recovery are further confirmed, the upward space of the market will be further opened, and the mid -term opportunity of the index is still very large.

CSI 300 one hour map




Technical analysis:

Looking at the 1-hour picture, the Shanghai and Shenzhen 300 continued to fall at the high level. The current top form is more obvious. The current resistance has been moved near 4173. Under this position, the target is around 4100-3950.

Multi -short turning point: 4173

Resistance level: 4173.00 4250.00
Support bit: 4100.00 3950.00

Trading strategy: Barrow on 4173, target 4200.00 4250.00
Qualification Strategy: Watch the drop under 4173, target 4100.00 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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More