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CSI 300: Follow 4005 pressure

2023-01-08
909
Fundamental analysis:

On Friday (January 6), the Shanghai and Shenzhen cities continued to rise in the near future. The CSI 300 and the GEM finger reached a new high for more than a month. Essence About 3,000 shares in the two cities fell, 1870 shares rose, with a turnover of 838 billion, and the net inflow of funds in the north was 8.535 billion. Looking forward to the market outlook, since November last year, the net inflow of the northbound capital inflow of A shares was 109 billion yuan, which is one of the main promoters of the market rebound. It is expected that this trend will continue in the short term, but the transaction volume of the two cities is still slightly inadequate, showing that the upward travel is on the same goal. Space limited

CSI 300 Four Hours Chart


Technical analysis:

Looking at the 4 -hour chart, the Shanghai and Shenzhen 300 showed a downward trend, and the front height 4005 was blocked in a short period of time. At the same time, the MACD volume could continue to present the volume status on the zero axis. The current support is located near 3910. A new round of upward space, the later targets are around 4050-4100.

Multi -short turning point: 3910

Resistance level: 4050.00 4100.00
Support bit: 3910.00 3850.00

Trading strategy: Barrow on 3910, target 4050.00 4100.00
Alternative strategy: Watch the decline under 3910, target 3810.00 3750.00

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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