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CSI 300: 3880 more empty watershed

2022-12-05
936
Fundamental analysis:

On Friday (December 2nd), the two cities shrink down, the market performance is more cautious, and the overall activity of the subject matter is not high. As of the close, the Shanghai and Shenzhen 300 fell 0.29%, the two cities rose 3012, 1818 shares fell, with a turnover of 860 billion yuan. Looking forward to the market outlook, as a whole, the overall market environment and expectations of the market have improved, and there is a liquidity environment and fundamental support. It is expected to usher in the New Year's Eve.

CSI 300 Four Hours Chart


Technical analysis:

Looking at the 4 -hour chart, the CSI 3000 opened high and low again, but it was still running above 3880. The MACD energy column continued to volume on the zero axis. Nearby, the upper break is higher.

Multi -time turning point: 3880
Resistance level: 3880.00 4000.00
Support bit: 3800.00 3680.00

Trading strategy: Barrow on 3880, target 3950.00 4000.00
Alternative strategy: Watch the decline under 3880, target 3800.00 3680.00

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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