The situation in Russia and Ukraine suddenly escalated, A shares "diving" opened lower and moved lower

A brief analysis of the fundamentals:

On Tuesday (February 22), the tension between Russia and Ukraine affected the market nerves. The three major indexes opened lower and moved lower. The CSI 300 fell sharply and closed at 4569 points. The total transaction volume of the two cities was 978.3 billion yuan, and the net outflow of funds from the north was 7.34 billion yuan. In the short term, the international situation has suddenly changed, and the global risk aversion has heated up. The Russian stock market has plummeted and the European and American stock markets have fluctuated dramatically. A-shares are hard to survive on their own. There is still a possibility of re-examination due to emotional disturbances and weak rebounds.

CHINA300 4 hours chart

A brief technical analysis:

From the 4-hour chart, the CSI 300 opened lower and moved lower. The overall performance was sluggish, the moving average system was flat, the MACD green column was shortened, the RSI indicator was flat, and the probability of intraday fluctuations was high.

Long and short turning point: 4615.00

Resistance: 4700.00 4790.00

Support: 4520.00 4450.00

Trading strategy: bearish below 4615.00, target 4520.00 4450.00

Alternative strategy: bullish above 4615.00, target 4700.00 4790.00