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CSI 300: 3940 Narrow consolidation

2022-12-18
956
Fundamental analysis:

On Friday (December 16), the three major indexes fell together. The Shanghai and Shenzhen 300 fell slightly 0.02%. On the market, the two cities continued to adjust, the transaction volume remained at a low level, and the market sentiment was still cautious. Rising, the turnover was 760 billion yuan, and the funds in the north were approaching the closing. Looking forward to the market outlook, in the domestic fundamental recovery trend, the trend of fundamental recovery is not changed, and the macro -capital surface is still abundant. In the context of living in the house, "asset shortage" is favorable for the formation of A shares valuations. Essence

CSI 300 One Four -hour chart




Technical analysis:

Looking at the 4 -hour chart, the CSI 3000 is still supported at 3940 points. The MACD appears on the zero axis and shows a narrowing state, showing that the market enters the adjustment range of the adjustment range. The current support continues to pay attention to near 3940. 4010 will open a new round of upward space.

Multi -time turning point: 3940
Resistance level: 4010.00 4080.00
Support bit: 3940.00 3880.00

Trading strategy: Barrow on 3940, target 4010.00 4080.00
Alternative strategy: Watch the decline under 3940, target 3880.00 3820.00

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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