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Himax

HIMX Oversold at bottom of descending triangleWhat 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 May the 4th could give a signal to go long to the top of the descending triangle. Earnings: - Earnings have so far matched estimates, or were slightly above/below estimates. - Most earnings misses had relatively little impact on price. T1 May15-Jun15: 8.22, should be an easy target at only 23 degrees! T2 May15-Dec15: 12.70, only if it breaks the descending triangle resistance
NASDAQ:HIMXLong
by UnknownUnicorn121770
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