I went long some HIMX Mar 2014 12 Calls this morning. The daily for the past couple days is setting up a great cup and handle pattern with a flat top pattern as well around 11. The good volume today rising RSI and MACD look to be a great setup. At these new highs, the stock may trade sideways to down for a little but will probably shoot up after the sideways...
Looks like the trade Wed was long at the open with stop just under 9 (good risk reward over bullish T-holiday w conference pres nxt week; which I missed with no pattern confirmation e.g., was the H&S & down channel going to play out to target under 8, previous HIMX Pattern chart from Tuesday... where's the next entry?).
HIMX volatility means one has to be right...
