After the company's restructuring, its core business has shifted to heavy-duty vehicle manufacturing. This strategic move aligns with the background of its major shareholder, who has long held a strong presence in the early days of the heavy truck industry. As a result, the reorganization has delivered impressive outcomes. Despite the current tightening in the auto sector, the company has still managed to perform exceptionally well, showcasing its solid management capabilities and operational strength.
In the secondary market, there was a clear indication of strong institutional capital entering the stock at the end of July this year, which led to a steady rise in the company’s share price. Although the stock has experienced a gradual decline recently, there is an interesting detail worth noting. The stock hasn’t shown significant volume at the top of its previous trading range, and the daily drops have been minimal. Overall, the decline hasn't been substantial, and the daily trading volume has shrunk significantly, suggesting that key holders are maintaining their positions.
With recent upward momentum in the broader market, the stock has continued to climb gradually with small bullish candles. The small arc bottom pattern is quite appealing. Currently, the stock 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
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