Watch the decline under the Shanghai and Shenzhen 300: 3880

Fundamental analysis:

On Wednesday (December 21), the two cities fell again. The CSI 300 in the morning was mainly based on the red market. It turned into a disadvantaged in the afternoon and closed down by 0.17%throughout the day, a fifth consecutive trading day. The market continues to wait and see, with light transactions, with a decline of 3,580 stocks, rising for 1,300 shares, 574.7 billion in turnover. Looking forward to the market outlook, the fastest stage of overseas liquidity has passed. The subsequent A -share trend is more dominated by domestic factors. In the middle and long term, as the impact of the epidemic has gradually weakened, the effect of stabilizing the growth of the policy will further appear. Recovery channel. Standing at the end of the year, A shares are expected to continue the valuation repair market.

CSI 300 Four Hours Chart

Technical analysis:

Looking at the 4 -hour chart, the Shanghai and Shenzhen 300 maintained a downward trend under 3900, and the trend was mainly short. The MACD appeared under the zero axis state, showing that the market was weak. Move near 3880, look short below 3880, and look at 3800-3750 below.

Multi -time turning point: 3880

Resistance level: 3880.00 3940.00

Support bit: 3800.00 3750.00

Trading strategy: Watch the decline under 3880, target 3800.00 3750.00

Alternative strategy: Bullish on 3880, target 3940.00 4000.00