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Healthcare

Sinovac Biotech Ltd (SVA) : Fifth Order for H1N1

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