HIMX Himax Tech breaking out of a 5-month pennant pattern today on huge volume - 13 times avg volume.Positive sign closing above resistance around $4.00. Keeping an eye on gap-fill at ~$4.50 which could provide some additional resistance.
Expecting a strong follow through move into first half of July.
Near term target: $5.00
Note: Not investment advice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.