What is ANHUI GREATWALL MILITARY INDUSTRYCO., LTD (601606)?

Company Overview

Anhui Great Wall Military Industry Co., Ltd. (601606), engages in the research and development, production, and sale of military and civilian products. Its military products include mortar, photoelectric countermeasure, individual rocket, fuze, submunition, and pyrotechnics series products. The company also offers civilian products, such as high-speed rail and urban rail shock absorbers, castings, automobile air-conditioning compressors, other auto parts, and plastic packaging parts, as well as prestressed anchorage products. Anhui Great Wall Military Industry

Co., Ltd. was founded in 2000 and is based in Hefei, China.

601606 is it a good pick?

Anhui Great Wall Military Industry Co., Ltd. (601606) just got delisted and banned from the American markets as a sanction for the recent tensions between the U.S. and the PRC (People’s Republic of China).

Technical analysis

From May 30th to Jun 23rd, 2022, the share price went down -12.87% to trade around $10.77. From Jun 23rd to Aug 4th, the share price went up 49.63% to trade around $15.99, the 25-week-high. From Aug 4th to Aug 5th the share price has dropped -13.51% to currently trade at $13.88. There is a golden cross on Aug 1st. The MACD shows a deceleration of the uptrend while the RSI has dropped from the overbought zone. The price could keep falling around -9.65% to trade at $12.68, to later on have a recovery of 22.25% and trade at $15.38.