Sinovac Biotech Ltd – SVA

SVA has been on a tear since 2012 and has recently pulled back to work off some of it’s overbought condition. While there is a risk of this pulling back further, I think now is a good time to initiate a starter position as this could retest it’s highs in the coming months. I like the position of the RSI here and as it gets closer to 40. Typically that is an area after a big run-up it finds support. Keep this on your watchlist.

Please share this article