shomikghosh2
Long

Himax Looking Great

BATS:HIMX   HIMAX TECHNOLOGIES INC
118 0 1
I went long some HIMX             Mar 2014 12 Calls this morning. The daily for the past couple days is setting up a great cup and handle pattern with a flat top pattern as well around 11. The good volume today rising RSI and MACD look to be a great setup. At these new highs, the stock may trade sideways to down for a little but will probably shoot up after the sideways action with a measured move of $12 from the bottom of the trough to the top of the cup.
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