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CSI 300: 3900 consolidation

2022-12-28
539
Fundamental analysis:

On Wednesday (December 28), the three major indexes of A shares fell together. The CSI 300 reorganized at 3900 points, and closed down 0.26%throughout the day. The market sentiment continued to wait and see. The decline of more than 3,900, northbound funds bought 3.918 billion yuan throughout the day. Looking forward to the market outlook, in the short term, the influence point of the epidemic is unclear, and the epidemic affects the short -term impact of the market. The overall market capital of the market is weak. The new catalysis in the future may be the expected or fundamental improvement of the specific stable growth policy. The progress begins to be better than market expectations.

CSI 300 Four Hours Chart




Technical analysis:

Looking at the 4 -hour chart, the Shanghai and Shenzhen 300 maintained a downward trend under 3900. After the rebound, the trend was still short. MACD still maintained a large amount of volume under the zero axis. The resistance is maintained around 3900, and it is mainly empty below 3900. Looking at 3810-3750 below.

Multi -time turning point: 3900

Resistance level: 3900.00 3950.00
Support bit: 3810.00 3750.00

Trading strategy: Watch the decline under 3900, target 3810.00 3750.00
Alternative strategy: Bullies above 3900, target 3950.00 4000.00

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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