Watch the decline under the Shanghai and Shenzhen 300: 3880

Fundamental analysis:

On Thursday (December 22), the two cities rushed down all the way, and the Shanghai and Shenzhen 300 rose 0.9%of the CSI 300 in the market and finally closed down 0.46%. The market sentiment was still sluggish. Uh, 657 billion yuan, up to 4,100 stocks in the two cities, 840 shares rose, and the net purchase of funds in the north was 2.815 billion. Looking forward to the market outlook, the current A -shares are in the secondary background. The overall market valuation is cheaper, and the opportunity is far greater than the risk. In the middle and long term, the current A -share systems such as the domestic economy, peripheral liquidity, and global situation are all in an important inflection point, and the favorable release of the Central Economic Work Conference policy will continue to be released. In 2023, the A -share market will be significantly better than 2022.

CSI 300 Four Hours Chart

Technical analysis:

Looking at the 4 -hour chart, the Shanghai and Shenzhen 300 maintained a downward trend under 3900. After the rebound, the trend was still short. MACD still maintained a large amount of volume under the zero axis. The resistance is maintained around 3880, and it is mainly empty below 3880. Looking 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