CSI 300: 4160 long and short watershed

A brief analysis of the fundamentals:

On Monday (August 16), A-shares rose and fell. CSI 300 fell by 0.19%. The turnover exceeded one trillion yuan. The net purchase of northbound funds was 867 million. Looking forward to the market outlook, due to the recent impact of multiple internal and external disturbance factors, the weighted sector continues to be under pressure. As the interim report has entered the final period, some companies have announced their performance in the first three quarters of 2022 in advance. In terms of operation, under the premise of controlling positions, pay attention to grasp the rhythm of high selling and low sucking, and be cautious in chasing up.

CSI 300 one-hour chart

A brief technical analysis:

In the 1-hour chart, the CSI 300 has fallen slightly but has not broken below 4160. At the same time, the MACD volume has begun to shorten above the zero axis, indicating that the short-term market has entered a shock. The support of 4160 is still valid at present, and the rebound above this level is 4250. -4300

Long and short turning point: 4160

Resistance: 4250.00 4300.00

Support level: 4160.00 4120.00

Trading strategy: bullish above 4160.00, target 4250.00 4300.00

Alternative strategy: bearish below 4160.00, target 41200.00 4050.00