Himax is way overbought

HIMX is up big along with the rest of VR related stocks due to the release of Oculus. I think it is way overbought at this point. HIMX may very well hover between $10 and $12 but I'd like to see it come back down around $9.25 and hold support.

Red- Resistance (Overbought)
Orange- Past resistance and potential new line of support
Green- Possible buy targets

Comment:

VR- Is for Virtual reality and not the stock.