Easy to get shaken out in this market. However, 50 day is still above 200 day. Furthermore, actual earnings should be gaining ground based upon sales and order growth.
I think CAAS should also be announcing new contract awards, in the not too distant future.
Stock price seems to have held up as we await earnings and awards.
This stock has been held back on the China economy falling apart theory. But auto/truck sales in the China and China export, are + 13%, over 20 mil, yr.
First time car buyers, in a Country with 1 billion people, means that growth will continue for many years. Even if Some China cities will limit registration, still many will be unrestricted. 30 MIL UNITS within 5 years.
This stock is behaving different as to it's past. History shows that it it would spike and crash every other year. Now it seems to be validating it's worth by keeping within a range. However, this makes a good case for a good move higher upon solid earnings and news.