CSI 300: Follow 3980 support

Fundamental analysis:

On Wednesday (January 11), the three major indexes of the two cities in A shares fell together. The overall Shanghai and Shenzhen 300 showed a downward trend, closing up 0.24%throughout the day. It is maintained at a low level, with a turnover of 740 billion yuan, and 7.61 billion yuan in net funds in the north, which is a net purchase for 6 consecutive trading days. Looking forward to the market outlook, due to the vacuum period of the Spring Festival holiday and economic data in China, the market will focus on the "pits" of residents' travel and consumption data. At the same time, the release of warm hikes, the implementation of domestic "expanding domestic demand" policies, and the release of warm signals in the fields of real estate and platform economy are all driven by market risk preferences. The "spring restlessness" market in A shares is expected to continue.

CSI 300 Four Hours Chart

Technical analysis:

Looking at the 4 -hour chart, the CSI 300 was obviously blocked near 4040, and a slight decline appeared, but the MACD volume could continue to present the volume state above the zero axis. Bullies are mainly about 4050-4100 above the target.

Multi -time turning point: 3980

Resistance level: 4050.00 4100.00

Support bit: 3975.00 3910.00

Trading strategy: Barrow on 3980, target 4050.00 4100.00

Alternative strategy: Watch the decline under 3980, target 3910.00 3850.00