Just saw the headline : Sinovac Obtains Fifth H1N1 Vaccine Order from Chinese Central Government
With these orders, SVA is off to a good start for this year.
Add on to that, they have a JV which allows them to increase production capacity.
On top of that, SVA has another ‘gap up’. Not a huge one. But this is the third gap up in less than a month.
And if their earnings beats expectations, there is a high chance that it could break 52 week high.
Edit: Added chart and commentary
Resistance at kumo : 7.78
Bullish indication : Tenkan sen – Kijun sen cross below kumo
