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CSI 300: Organize 3900

2023-01-03
1056
Fundamental analysis:

On Tuesday (January 3), the first two cities in the first trading day of 2023 ushered in the opening of the door. After the Shanghai and Shenzhen 300 sets, they rose all the way up the way, closing up 0.88%throughout the day. The amount can be enlarged, with a turnover of 788 billion, and the net funds sold in the north sold 645 million. Looking forward to the market outlook, the market is in a short -term shock and fixing period. The improvement of the elasticity, the specific intensity of the stable growth policy and the improvement of micro -liquidity in the subsequent fundamentals are the key to promoting the upside of the market. Investors can maintain patience, observe changes, and gradually develop layout every adjustment.

CSI 300 Four Hours Chart




Technical analysis:

Looking at the 4 -hour chart, the CSI 300 was a strong rebound to the support near 3830. In the end, under 3900, the ACD appeared under the sharp state under the zero axis, showing that the market trend was still weak. , Below supporting the 3830 front line, the upper 3900 is expected to open the upward space, look at 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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