Sinovac Biotech Ltd (SVA) : Gap Up with Bullish Tenkan sen, Kijun sen cross

SVA gap up again today (shortly after its gap on Dec 28).

With this gap up, we have a bullish cross from Tenkan sen – Kijun sen, though it is below the kumo (which suggest that it is still NOT a very strong bullish move.

With this cross, we want to see SVA make the move higher including breaking the next resistance at 7.20

Once it breaks that level, there is a high chance that SVA is trying to go above the kumo at around 7.80

By iam802

Trend trading with Ichimoku