Is the support under A shares strong? How is the China 300 trending?
Investors are suggested to bargain hunting with current price, Target 4024, and Stop-Loss at 3917.
European and American stock indexes generally closed down yesterday as investors worried that the Fed’s tightening monetary policy would bring about recession risks to the U.S. economy, and low risk appetite still dominated market sentiment. However, due to the impact of China’s counter-cyclical policies, coupled with the fact that the first-quarter GDP recorded a slightly higher-than-expected 4.8%, and Shanghai’s city closure measures are expected to be lifted one after another, this will benefit the China 300 to rise. Overall, investors are suggested to go long on dips as the main idea.
Judging from the daily level chart, China 300 is at the lower edge of the upward channel, which is favorable for investors to do long arrangements. The sub-index MACD’s bullish party kinetic energy is decreasing, and the KD fast line is falling to break the slow line, which is beneficial for investors to bargain hunting.
*Information above belongs to 3rd party media comments, can only be used for references and doesn’t represent our platform’s opinion. Investors should maintain sole-determination, self-evaluation required and be responsible for their own action.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.