Sinovac Biotech Ltd (SVA) : Consolidation with potential breakout

SVA has been trading on a tight range since it gap down around Jan 26.

From the Ichimoku chart, we can see that it is trading in a tight narrow range attempting to fill its previous gap resistance at around $6.93

Both the Tenkan sen and Kijun sen is starting to point upwards; a validation that the ascending triangle is forming.

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