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).