Trading Ichimoku

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

Related posts:

1. Sinovac Biotech Ltd (SVA) : Obtains Third H1N1 Vaccine Order From Chinese Central Government
2. Sinovac Biotech Ltd. (SVA) : A Short Term Play on H1N1
3. Sinovac Biotech Ltd (SVA) : Gap Up with Bullish Tenkan sen, Kijun sen cross
4. Sinovac Biotech Ltd (SVA) : Price cuts Tenkan sen alert
5. Sinovac Biotech Ltd (SVA) : Price still above Tenkan sen