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Just 3 days ago published a chart on HIMX             . From there stock went down and then up more then 10% to exactly the 0.38 fib line. Plotting fibs on HIMX             shows that it just loves it - on an up trend lookout for 0.618 fib - seems to be a good place to retract, just like 0.38 and 0.5. Also, i missed on the last chart the current up-trending channel. Connecting recent tops, and drawing a parallel to the previous bottom one can then see why the stock dropped and stopped 2 days ago.

Still a possible double bottom or cup and handle , but with other technicals i would warn - RSI has a divergence, MACD 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.

Related Ideas

Still hanging in there, but 2 red days and trend can be violated
Resistance proved positive. Looking for reaction on support - unless markets slid heavily
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