Central bank funding sparks share repurchase frenzy among listed companies. Technicals suggest:
- Successful retest of 61.8% retracement support
- Eyes on 61.8% resistance zone next
reuters.com/world/china/china-cbank-conducts-its-first-swap-operation-an-amount-50-bln-yuan-2024-10-21/
reuters.com/markets/asia/chinas-listed-companies-rush-tap-central-bank-funding-share-purchases-2024-10-21/
- Successful retest of 61.8% retracement support
- Eyes on 61.8% resistance zone next
reuters.com/world/china/china-cbank-conducts-its-first-swap-operation-an-amount-50-bln-yuan-2024-10-21/
reuters.com/markets/asia/chinas-listed-companies-rush-tap-central-bank-funding-share-purchases-2024-10-21/
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.