After the company's restructuring, its core business has shifted to heavy-duty vehicle manufacturing. This strategic move was supported by the major shareholder, who has deep roots and strong influence in the early days of the heavy truck industry. As a result, the reorganization delivered significant and visible improvements for the company. Despite the current tightening in the auto sector, the company has still managed to achieve impressive results, showcasing its solid management capabilities and operational strength.
In the secondary market, there was clear evidence of strong institutional capital entering the stock at the end of July this year, which led to a steady upward trend in the share price. Although the stock has experienced a gradual decline recently, there is an interesting detail worth noting. The stock has shown no obvious volume at the top of its previous trading range, and the daily drops have been minimal. Overall, the decline hasn't been severe, and the daily trading volume has significantly shrunk, indicating strong holding power among long-term investors.
In the context of recent upward momentum in the broader market, the stock has been climbing steadily with small bullish candles, forming a beautiful small arc bottom pattern. Currently, it is just slightly below the half-year moving average. Investors should closely monitor how the stock performs around this key level. A positive breakout could signal a potential buying opportunity.
Related topic: China National Heavy Duty Truck Breaks Monthly Sales Record for National Heavy Truck Industry
Printing Socks,3D Printing Socks,Sublimation Printing Socks,Custom Printing Sock
Onetex , https://www.onetexprinting.com