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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