Symbol: COM7.TH
Global Focus Emerging
Global Focus Emerging
The CSI 300 fell 4.51% on lower and below average volume this week. On Tuesday, the market condition was shifted to a Downtrend as the index breached below the consolidation around 4,700~5,000. The index continued to trend down and hit a 13-month low, with next support at the low in September 2020 (~4,550, -0.2%) and July 2020 (4,479, -1.9%).
Global Focus Emerging
The CSI 300 rose 1.11% on lower and below average volume this week and remained in an Uptrend Under Pressure, with the distribution day count at six. The index slightly rebounded from last Friday’s low at 4,724 (-1.2%), and if it fails, the next immediate support is July 2021’s low of ~4,664(-2.4%).
Global Focus Emerging
The CSI 300 dropped 1.98% on higher but above average volume this week and
remained in an Uptrend Under Pressure, with the distribution day count rising
to six. The index continued to trend lower and breached the November 2021 low
of ~4,754 (+0.6%). Next immediate support lies at the July 2021 low of 4,664
(-1.3%)
Global Focus Emerging
The CSI 300 dropped 2.39% on higher but below average volume in 2022’s first trading week and remained in an Uptrend Under Pressure with the distribution day count rising to five. The index breached converging 50- and 100-DMA support with the next immediate short-term support at November 10’s low of ~4,754 (-1.4%).
Global Focus Emerging
The CSI 300 gained 0.39% on lower and below average volume in this year’s last trading week and remained in an Uptrend Under Pressure with three distribution days. The index traded around its converging 50- and 100-DMA (4,912, -0.6%) with short-term support at November 10’s low of ~4,754 (-3.8%) and immediate resistance at its 200-DMA (~5,005, +1.3%).
Global Focus Emerging
The CSI 300 closed with a narrowed loss of 0.12% as of Thursday this week. The market was shifted to an Uptrend Under Pressure following Monday’s heavy selloff. The current distribution day count is three. The index found support at and then traded around its converged 100- and 50-DMA (~4,912, -0.7%). Next support lies at previous lows of ~4,663 (-5.8%).
Global Focus Emerging
The CSI 300 retreated 1.99% on lower and above average volume and remains in a Confirmed Uptrend with three distribution days. The index came off highs and lost its 200-DMA (~5,025, +1.4%), with next resistance at recent high around ~5,100 (2.9%) and support at the 100-DMA (~4,906, -1.0%).
Global Focus Emerging
The CSI 300 advanced 3.14%, with volume rising to greater than average, a high since mid-September. The market was shifted to Confirmed Uptrend after the index broke above key resistance at ~5,000 and retook its 200-DMA on good volume. The distribution day count fell to three from six. Next resistance is around early July highs (~5,200, +2.9%) and support is at the 100-DMA (~4,911, -2.8%).
