HIMX SHORT AFTER Reaches 14.40
Well to begin with, it is important to choose the correct time frame for you indicators. I assume we should look at this stock for no longer than 10 days. Both Force Index and Elders Force Indicate that the stock is currently overbought. PSR shows that there is still some room to capitalize on the upside, however looking at the volume it and the position of the force indicators, it is safe to say that the stock is approaching its resistance and will be retracing back to its support levels. Important to follow the Elders Force Index as its well above the crossing line for the price at which the volume does not seem to have much support. Expect a retrace to 13.40
Buy the dip at 13.38.
Buy the dip at 13.38.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.