Betting a swing play on Sinovac Biotech (SVA)

I took a position on SVA last week.

My bet is that there will be support for SVA near the $7 region.

I may be wrong. Hence, I will be having a fairly tight stop-loss here.

I will also be watching the chart for more signs of weakness.

Let’s see how this goes (the news from Dubai ain’t going to make this easy).

By iam802

Trend trading with Ichimoku

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