SVA is making a move today. On the Ichimoku Daily Chart, it has move above its Tenkan sen as well as move above its resistance at 5.79 Not too sure what’s the cause. But earnings is on May 13.
On the Ichimoku chart, SVA has just cross the Tenkan sen. This could be a good swing trade idea with a stop loss at around $5.60
SVA has been trading on a tight range since it gap down around Jan 26. From the Ichimoku chart, we can see that it is trading in a tight narrow range attempting to fill its previous gap resistance at around $6.93 Both the Tenkan sen and Kijun sen is starting to point upwards; a validation… Continue reading Sinovac Biotech Ltd (SVA) : Consolidation with potential breakout