HIMX
As another request, here are my thoughts on HIMX! 👍As @hector158 requested, here are my thoughts about HIMX!
We have a bull trend, but last time the RSI was that overbought, it did a pullback, so let’s keep this in mind. If it loses the 14.94 this pullback will happen.
But the 4h chart is not overbought yet, and if the 14.94 holds the price, HIMX will just hit the next resistance at 16, which is a target now, that triggered the pivot.
We have an inverted head and shoulders pattern here too, and this is interesting.
HIMX looks good, more bullish than bearish. If it does a pullback, ok, but it must not lose the 20ma in the 4h chart, because this will cancel the bullish thesis.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
HIMX this was a messy one....but after some intense Questioning.I kind of went over board on this one but Hector154 needed to get answers from this one and so I interrogated until it cracked.
Hope this helps. if you need me to delete any of the paths just let me know and Ill revamp it.
by iCantw84it
05.26.2021
$HIMX Pennant Breakout on Huge Volume$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.
HIMX (HIMAX) is nicely set up for a bounce! SEMICONDUCTORSSemiconductors industry is positioning itself for a boom in the future. However, it lost 2/3 of its value in 2018.
HIMAX is going to bounce in the coming days/weeks
RSI shows buying signals, for short-term trading. HODLERS will have to wait a few years before it goes to the moon if TSM doesnt dwarf it even more
not a trading advice.
HAPPY TRADING!
HIMAX predictionI am a new investor trying to learn how to use this software and this is my prediction as to where HIMAX will be in a month of two bases upon the past trends of a slow decrease then an abrupt increase.
I am 16 and if you have any suggestions im all ears and im willing to learn anything.
HIMAX- having nice run upAppears that HIMAX is setting up for a breakout. Approaching 1st leg of resistance at around $11.60 ( trading today around $11.20). Looks like there is a nice gap up to about $14.60( 2nd leg of resistance) I think now would be the time to buy in for a short term trade w/ potential to pick up about $3.00 on the stock. For those looking for a long term play, it looks like there is a very close resistance level to get through at around $14.98 +/- . This looks like the stock's high going back to around 2006. Once breaking through that $14.98 number, the stock should fly. Adding a great deal of support to this prediction is that just last week, announcement was made that Qualcomm has partnered with HIMAX for the production of 3D camera ( which was well-received by the market upon the news release). This has been the best news releaswe for HIMAX in the last couple of years !
HIMX stock long shortterm trade
U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED WITHIN THIS SITE, SUPPORT AND TEXTS. OUR COURSE(S), PRODUCTS AND SERVICES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS SHOULD BE YOUR OWN.
Himax is way overbought HIMX is up big along with the rest of VR related stocks due to the release of Oculus. I think it is way overbought at this point. HIMX may very well hover between $10 and $12 but I'd like to see it come back down around $9.25 and hold support.
Red- Resistance (Overbought)
Orange- Past resistance and potential new line of support
Green- Possible buy targets
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
Do Not Chase Himax Technologies (NASDAQ:HIMX), This Is WhyYesterday, 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 $9.82. However, the smart investors and traders think different. As the general population often looks to chase a strong move, or gets sucked into the hype which lags the real price action of a stock; the professionals who do this for a living as we do, take a different approach.
The first thing to do is start looking for levels of resistance to either take profits if already in the trade, or to find resistance points at which to sell short the stock and profit as it pulls back. Let's take a deeper look into the HIMX chart...
I isolated a few levels on Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) that can be utilized to take profits, or with the right pattern sell this equity short. As seen on the chart below, please note that Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) is already nearing the first resistance point at $10.05, the second resistance level will be at $10.91, and finally the third and major resistance level will be at $12.15.
If you're already long Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) those are levels to watch for signs of weakness and take some money off the table, while trailing your stop. If you're not already holding this stock, and you are looking for a shorting opportunity, the best levels to do so will be the 2nd and 3rd levels mentioned previously, depending on how Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) gets there. Remember, that for these levels to be strong and give us a high rate of success, there are factors such as; Pattern and Time that must align perfectly with Price. Without considering these factors, the levels may not present as high profit potential as they otherwise would.
I will be monitoring the price action in Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) and will alert our members of a possible trade if we get the right factors in place. Being patient and only taking the best set ups is what allows us to maximize profit and have big gains in trades, just like this recent 9% gain in Yahoo! Inc. (NASDAQ:YHOO) which was given to members along with precise entry and exit levels live as we were trading it. In the same manner of which we give all of our member trade alerts, we gave everyone time to enter this trade or take profits on this Yahoo! Inc. (NASDAQ:YHOO) as seen here. Be ready for the action join us here at the Elite Round Table and don't miss out on the next big trade.
HIMX - Update: Cup-n-Handle, Double Bottom, Fibs and moreJust 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 tops, and drawing a parallel to the previous bottom one can then see why the stock dropped and stopped 2 days ago.
Still a possible double bottom or cup and handle, but with other technicals i would warn - RSI has a divergence, MACD and Momentum is already on tops - though, we have room to grow, but not for long. Only exceptional news can drive it to 0.618 (~12) and that would be that Google added a stake in the company. I would assume a jump out of the trend, then a retraction if so, but this is speculative. I left some investments in HIMX, and took some out today as well. maybe a gap filler tomorrow - markets seem to be going lower (check today's Spy predictions, many see some road down ahead), just enough to go off the fib line to the support of the trend, and then rush up with technicals cooled.
Personally, i am long on this one - it has too much attention to it already with google glass, so if not google, someone definitely will join in sooner or later. Plus the recent sell-off was extreme and mostly based on rumors and hunch that google wil switch to other supplier - none of the rumors have been confirmed - last year these rumors gave a great entry point.
HIMX Way OversoldShares 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 because Himax is a strong company with a market cap of $1.2 billion and is showing consistent year-over-year growth. This stock is currently trading at a very cheap valuation.
For my complete opinion on Himax visit www.fdrinvestmentgroup.com