This chart is meant to show price action forming a base and support for the underlying equity.
Notice when the %R crosses above the -80 line - it's at the bottom of the base. I noticed this AFTER drawing the bases. Which means, what you can visually see and interpret from looking at the price movement is/can be technically confirmed by the indicator - and...
This is the same as the last HIMX chart I posted. But, I have added a pitchfork over the chart. (Notice where median line of Pitchfork meets 76% Fib. Retracement.)
*With the exception of the Accum/Dist. and OBV indicators merged over the chart and price movement.*
**Also took out Stochastics and RSI**
I've been holding a position in $HIMX for about 2 weeks now and it's been treating me well. However, I've yet to close the position because I see a $12 price potential coming in.
So, looking at the price movement of HIMX you can clearly see a quick run-up recently, with starting at a " Buy " rating last week by Credit Suisse, and the starting rating of " Out...
Google Glass supplier Himax Technologies - HIMX may come to the attention of investors along with the Samsung watch announcement due today and the September 10th Apple media presentation.
Buyers have tried to take over at the 6.50 level twice since June and have failed both times. Sellers are clearly overwhelming buyers above the $7 level as there are only 9...
Participate in a boom of wearable computer devices. HIMX can profit from success with these things. Check www.google.com to get a feeling what the future may bring. There is increasing interest in the stock - see volume and rising prices. Take advantage of a possible 3 day consolidation and buy. On of my rules is to risk not more than 8% therefore my initial stop...
