jmalone1224
Long

Dissecting HIMX Run up - chart III

NASDAQ:HIMX   HIMAX TECHNOLOGIES INC
183 0 0
This chart is meant to show price action forming a base and support for the underlying equity .
Notice when the %R crosses above the -80 line - it's at the bottom of the base. I noticed this AFTER drawing the bases. Which means, what you can visually see and interpret from looking at the price movement is/can be technically confirmed by the indicator - and confirmation is always a good thing.
(When this %R crosses that mark it is said that the equity has/is forming a base)*
All my unlicensed opinion*

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