Watch the decline in CSI 300: 3830

Fundamental analysis:

On Friday (September 30), the effect of the two cities of the A -share cities was prominent, the market volume could shrink again, and the turnover continued to reach a new low during the year. 100 million. Looking forward to the market outlook, the current market environment is more difficult, but considering that the RMB exchange rate is expected to turn to rising, at the same time, A shares are expected to gradually desertinate the peripheral market, and may usher in a rebound market after the holiday.

CSI 300 1 hour chart

Technical analysis:

Looking at the 1 -hour chart, the CSI 300 continued to weaken, and it broke through the recent interval low of 3830. At present, the support has been transformed into resistance. MACD began to regain capacity under the zero axis. At 3830, the target is 3800-3770-3730 below.

                                                          

Multi -time turning point: 3830.00

Resistance level: 3830.00 3860.00

Support bit: 3800.00 3780.00

Trading strategy: Bullies above 3830.00, target 3860.00 3900.00

Alternative strategy: Watch the decline under 3830.00, target 3800.00 3770.00