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CSI 300: 3975

2023-01-09
1016
Fundamental analysis:

On Monday (January 9), the Shanghai and Shenzhen cities continued to rise in the near future. The CSI 300 rose for the sixth consecutive trading day and hit a new high of more than 3 months. The 2960 shares of the two cities rose, 1780 shares fell, with a turnover of 807 billion, and 7.7 billion yuan in net funds in the north were purchased for the fourth consecutive trading day. Looking forward to the market outlook, considering that the overall valuation of A shares after the rebound is still not high, and it is still at a historical low. The current A -share is still in a good layout period. With the influence of the epidemic and the growth of China's growth, the market is expected to welcome this year to welcome the welcoming this year. Come to trend investment opportunities.

CSI 300 Four Hours Chart




Technical analysis:

Looking at the 4 -hour chart, the CSI 300 has gone slightly again, and the high front height is 4005. At the same time, the MACD volume can continue to present the volume status above the zero axis. The current support has been moved to near 3975. The above target is around 4050-4100.

Multi -time turning point: 3975

Resistance level: 4050.00 4100.00
Support bit: 3975.00 3910.00

Trading strategy: Barrow on 3975, target 4050.00 4100.00
Alternative strategy: Watch the decline under 3975, target 3910.00 3850.00

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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