After consolidating in the $3 range, the Ichimoku chart for ARNA is showing a possible bullish cross from the Tenkan sen and Kijun sen.
From the chart, we can see that the Tenkan sen is about to cross the Kijun sen.
Sinovac Biotech (SVA) has rallied over the past few days with the broader market.
From the Ichimoku chart, we can see that it is now facing immediate resistance from the gap at around 6.78.
We can also see that the Kijun sen (purple line) is right at 6.78
SVA is on the move again. Given the overall weakness in the broader market, we have to be careful here.
I have previously mentioned that there is a chance that SVA will not go down further due to the subscription to its common share offering.