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Healthcare

Sinovac Biotech Ltd (SVA) : Poise for Bullish Breakthrough

SVA is showing some bullish signs.

From the Ichimoku Daily Chart, we can see the following:

1. Price is about to break above the kumo

2. Both the Tenkan sen and Kijun sen is pointing upwards.

Earnings results will be announced in a couple of days. If it is positive and stay above the kumo, we have a good entry.

2009-11-12-TOS_CHARTS