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.
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Hey, are you using the 20MA on all the charts? What's your 1-year target? I've got $17.50 calls for the end of the year and holding 100 shares for an 11% gain so far. I think a very significant catalyst this company has is that its business is highly cyclical. Notice how people don't buy parts to fix TVs anymore, or at least no more than they used to, they just buy a new one because the cost is so low. This stock should move on positive news and sentiment should remain bullish, and silicon manufacturing. HIMX has effectively doubled its revenue from last year and EPS is 600% higher than it was 10 years ago at .06/share. The stock was trading at $15 at that time also. Based on revenue, op expenses, and debt, I like $22.00 - $26.00 for the 9-month target. Check co. financials for FY2019 and dividend payout ratio last 3 years. Those are interesting metrics that I believe help make a good investment decision.
UnknownUnicorn21312077
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@DontSlamTheDoor, Ty for sharing these insights! I appreciate it!
Thank you Melissa for your time, I will be paying attention to the 14.94 support. I don't want to sell if it pulls back because of the div that's about to be paid out. Its a nice %.