Nice looking action in this one. Looks pretty good for MOAR.
Original thought was wrong as bounce was promptly rejected at trendline. Bullish Bat looks to possibly be in play here so I'm looking for a good bounce from $5.86-$6.12
What i'm looking for with HIMX on the week of 4th May 2015: Technicals: - Himax is currently at the bottom of a descending triangle. - MACD is showing positive divergence - RSI is also showing positive divergence. - HIMX initial rally to ~16.50 was about 19 degrees steep. - HIMX rallies inside the descending triangle were somewhere between 40-60 degrees. - Monday...
Yesterday, shares of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) had a strong performance in a weak market. This price action is a sign of relative strength for the stock. At this point in time, many amateur traders and investors are chasing Himax Technologies, Inc. (ADR) (NASDAQ:HIMX), as it has moved from a low of $5.70, to a closing of price on Monday of...
Based of RS (relative strength) one would think yes.
Just 3 days ago published a chart on HIMX. From there stock went down and then up more then 10% to exactly the 0.38 fib line. Plotting fibs on HIMX shows that it just loves it - on an up trend lookout for 0.618 fib - seems to be a good place to retract, just like 0.38 and 0.5. Also, i missed on the last chart the current up-trending channel. Connecting recent...
Well, its an explosive stock - goes drastically up and down on news and soon i expect a new direction to be revealed. First off - fib levels. From the lowest to the highest points the price retraced to 0.62, and from the top to the recent low it retraced back up to 0.38 (at the moment) - seems that the stock favors these levels. Meanwhile, somewhat of a cup and...
Shares of Himax have been pushed downward into oversold territory due to downgrades and fear from investors regarding the release date of Google Glass. I believe it may have bottomed out at $6.62 earlier this month and am now looking for a continued reversal back to the $9 to $10 range and possibly higher. Not only because Glass is now available for sale, but...
Extrapolate this anyway you want, this will give you an idea of how price has moved to date between these levels. Notice how previous highs became strong support, which is now 11.50 but i'm looking for a 12.20 entry to scale back in
Long on HIMX. Google glass play. Looking forward to trending continuing in 2014 when glass is likely to be released