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CSI 300: Follow 3940 support

2022-12-14
1030
Fundamental analysis:

On Wednesday (December 14), the three major indexes of Shanghai and Shenzhen were basically flat. The Shanghai and Shenzhen 300 fingers rose slightly by 0.01%. Nearly 3,000 shares in the two cities fell, 1900 shares rose, and the turnover was 810 billion yuan. Looking forward to the market outlook, the active factors of the current market are continuously increasing. On the one hand, A shares have now entered the middle and late stages of the decline of profit. On the other hand, American inflation data is lower than market expectations. Overseas rate hikes are expected to slow down. The market reversal effect is significant, and the index is expected to go up to repair the market.

CSI 300 One Four -hour chart


Technical analysis:

Looking at the 4 -hour chart, the CSI 3000 was supported at 3940 points. MACD maintained the volume status above the zero axis, showing that the market still had further expanding the demand for gain. The current support continued to pay attention to near 3940, and the pressure above was near 4010. Effectively broke through 4010 4010 It 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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