HIMX - Update: Cup-n-Handle, Double Bottom, Fibs and more
Still a possible or , but with other technicals i would warn - has a divergence, and Momentum is already on tops - though, we have room to grow, but not for long. Only exceptional news can drive it to 0.618 (~12) and that would be that Google added a stake in the company. I would assume a jump out of the trend, then a retraction if so, but this is speculative. I left some investments in HIMX , and took some out today as well. maybe a gap filler tomorrow - markets seem to be going lower (check today's Spy predictions, many see some road down ahead), just enough to go off the fib line to the support of the trend, and then rush up with technicals cooled.
Personally, i am long on this one - it has too much attention to it already with google glass, so if not google , someone definitely will join in sooner or later. Plus the recent sell-off was extreme and mostly based on rumors and hunch that google wil switch to other supplier - none of the rumors have been confirmed - last year these rumors gave a great entry point.