CSI 300: 3900 turn to strong support

Fundamental analysis:

On Thursday (January 5), the two cities of A shares opened high, and the Shanghai and Shenzhen 300 closed up 1.01%throughout the day, up 1%of the fourth consecutive trading day. At 842 billion, the net inflow of funds in the north was 15.515 billion yuan. Looking forward to the market outlook, after the holiday market, the willingness to trading in the market has entered a rising period, and the transaction volume significantly rising is the signal of incremental entry. This long -lost signal is a manifestation of the market resumed. The bottom of the market is consolidated, and risk preferences have entered a rising period.

CSI 300 Four Hours Chart

Technical analysis:

Looking at the 4 -hour chart, the CSI 300 rebounded and broke through 3900 in one fell swoop. The trend returned to strong. Finally, the closing was above 3970. At the same time, the MACD volume could appear slightly on the zero axis. Around 4000-4080.

Multi -time turning point: 3900

Resistance level: 3900.00 3950.00

Support bit: 3810.00 3750.00

Trading strategy: Brow up above 3900, target 3950.00 4000.00

Alternative strategy: Watch the decline under 3900, target 3810.00 3750.00