Bullish above CSI 300:4130

A brief analysis of the fundamentals:

On Monday (August 23), the "interest rate cut" stimulated the two markets to rise. The CSI 300 closed up 0.6% throughout the day. The market sentiment and profit-making effect improved. The turnover remained above one trillion yuan, and the net purchase of funds from the north was 4.325 billion yuan. Looking forward to the market outlook, the domestic economic recovery slowed down in the third quarter, the internal and external disturbance factors continued to increase, the incremental funds were insufficient, and the probability of continued shock consolidation was high.

CSI 300 one-hour chart

A brief technical analysis:

Looking at the 1-hour chart, the CSI 300 rebounded to 4130 and then stopped falling and rebounded. At present, this position has become the current short-term support, showing an upward trend. At the same time, the MACD has re-opened slightly above the zero axis, indicating that the market has room for further improvement. Looking at the rebound, the upper target is 4220-4280

Long and short turning point: 4130

Resistance: 4220.00 4280.00

Support: 4130.00 4050.00

Trading strategy: bullish above 4130.00, target 4220.00 4280.00

Alternative strategy: bearish below 4130.00, target 4050.00 4000.00