HIMX Oversold at bottom of descending triangle
What 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
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