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Day January 13, 2010

Entries 2 Total

Sinovac Biotech Ltd (SVA) : Fifth Order for H1N1

Jan 13, ’10 10:43 PM

Just saw the headline : Sinovac Obtains Fifth H1N1 Vaccine Order from Chinese Central Government

With these orders, SVA is off to a good start for this year.

Add on to that, they have a JV which allows them to increase production capacity.

On top of that, SVA has another ‘gap up’. Not a huge one. But this is the third gap up in less than a month.

And if their earnings beats expectations, there is a high chance that it could break 52 week high.

Edit: Added chart and commentary

Resistance at kumo : 7.78

Bullish indication : Tenkan sen – Kijun sen cross below kumo

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3PAR Inc. (PAR) : Watch the Support at 11.25

Jan 13, ’10 4:34 PM

In my previous post on 3PAR, I suggested that a reversal may be coming as a long legged doji is spotted.

Yesterday, 3PAR has another round of sell off with above average volume.

As far as the uptrend is concern, there is still no signs that a bearish trend has occured.

I will be looking at the support of $11.25

If it breaks $11.25, I do not think that the trend will hold as the kumo support below it is very thin (despite the leading kumo is showing an uptrend).

The key thing to note here is:

- 3PAR spike up partially on speculations that it is a target of acquisition

- generally, the kumo provides better support when a stock moves up on improvements in business fundamentals

- what are the other possible factors that can cause 3PAR to spike up and command such a price level?

- are the sales improving (especially outside of US)?

Comments (1)