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CSI 300: Focus on the 3900 front line

2023-01-04
546
Fundamental analysis:

On Wednesday (January 4), the three major indexes of A shares rose and declined. The CSI 300 rose 0.22%under the support of financial real estate stocks. The 2890 shares of the two cities rose, and the 1930 shares fell. Falling, the turnover of 78.3 billion yuan throughout the day, 1.84 billion yuan in net funds in the north. Looking forward to the market outlook, the current A shares are still in a good layout period. With the gradually fading of the epidemic and the substantial recovery of China's growth, the market is expected to usher in trend investment opportunities this year.


CSI 300 Four Hours Chart



Technical analysis:

Looking at the 4 -hour chart, the CSI 300 again was blocked again at the rebound 3900, and the final closing was still under 3900. At the same time, the MACD volume could appear slightly on the zero axis. See near 3950-4000.

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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