Himax Technologies, Inc. is a semiconductor solution provider dedicated to image display processing technologies. Himax has a moderate quantitative fundamental score (Greater than 5) with good analyst prospects (Buy and Hold ratings). Furthermore, Himax has a decent dividend pay out @ 1.24 per share/year (18.8%). Therefore, this Himax long play has deep-value at...
On the 29th of July, $HIMX gapped down after lowering its guidance and paying a dividend. I entered a long at $7 a share yesterday and am targetting a trade to fill the gap. $HIMX has just broken above its pivot area around 6 - 7, making it a strong level of support, and has shown a flat and wide U-shaped recovery, which is very bullish as it shows strong buying...
Using Elliot wave and fib retracements.
Himex is definitely in a bull run having drastically growing earnings and in the booming semi conductor industry. I think this one will perform well all 2022 with technicals pointed out on the chart.
Trendline Break
At Support Zone
11/4 earning
Entry 10.5
Stop 9.5
Target 16.3
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Edited for price targets. My last chart didn't have them identified clearly.
Please see the colored trend lines.
Stop loss for me is going to be $9.75.
If it falls below $9.90 or so then the next support wouldn't show up until $6 or $7. That's where there was last buying volume.
Cheers.
I decided to take another look at HIMX on the technical level because fundamentally, this a great company and it offers some fantastic price action, plus I saw a few bullish sweep alerts, you can see the volume coming in on those further dated strikes. The volume is also high when compared to the open interest, again only on certain strikes/expiry. NASDAQ:HIMX...
Played this before with a lot of success.
Recent beat down alongside other semi-conductor companies – I am still very bullish and see this as a good entry. Wait if it can hold the support/seeing buying pressure
I've had my eye on the Semiconductor name for awhile now. I decided to do a little bottom fishing with what I think is a very low risk entry. This bounced off the 200 DMA today and I'm looking for it to hold and continue to bounce. If not I'm out on a close below LOD which would also be under the rising 200DMA. This is a very small position as it is " bottom...
HIMX at a big support area! if we break below this important support at 11.80 look for a quick move down to 10-10.5. then we could look for a bounce off support. A break of the tight trendline its currently in will send us higher. im neutral until 1, the trendline breaks (bullish) support breaks
(beairsh) goodluck :)
