NASDAQ:HIMX HIMAX TECHNOLOGIES INC
look good for higher prices
I've noticed a similar triangle throughout the last 6 months I've been trading HIMX. A break upward of this triangle is not enough to validate a breakout, imo. The MM's like to tease the sheep with this line. The weekly clearly shows major resistance that we will now begin to hit between 8.65-9, which have proved very hard to overcome over the past year. The good news is, we get above these and the 8.65-9 level will be a very solid support and should lead to good times in 2016 for HIMX.