HIMX Observations
Well, its an explosive stock - goes drastically up and down on news and soon i expect a new direction to be revealed.
First off - fib levels. From the lowest to the highest points the price retraced to 0.62, and from the top to the recent low it retraced back up to 0.38 (at the moment) - seems that the stock favors these levels. Meanwhile, somewhat of a cup and handle formed - and although the run from here is quite possible given that there are rumors of HIMAX used in Google glass and other that popped up in the recent 2 days (well, these news drove the stock up in 2013, subjectivity drove it down and there i went in on the stock to sell it up top once the rumors confirmed). i believe himax is used in google glass, and seeing Sony rival product, GG is way better option. News can support the rally (and although no news on partnerships with other major producers, i expect them to be interested in HIMAX...or Google snatching a larger part of it), the price seems to be in overbought ranges with negative divergence on both CCI and RSI now. MACD is turning down - so this would be a hard play for buyers, but of course it can be another autumn run just like in 2013. In any case, short term i would hold (less risk - see if you want to sell some for gains), long term i would hold or buy on dips. Wearable is the future as all the major players are in - Google, Sony, Nike, Apple. Its vital to get the best players in the field on your team. But be cautious - this stock is as risky and volatile as it gets.
First off - fib levels. From the lowest to the highest points the price retraced to 0.62, and from the top to the recent low it retraced back up to 0.38 (at the moment) - seems that the stock favors these levels. Meanwhile, somewhat of a cup and handle formed - and although the run from here is quite possible given that there are rumors of HIMAX used in Google glass and other that popped up in the recent 2 days (well, these news drove the stock up in 2013, subjectivity drove it down and there i went in on the stock to sell it up top once the rumors confirmed). i believe himax is used in google glass, and seeing Sony rival product, GG is way better option. News can support the rally (and although no news on partnerships with other major producers, i expect them to be interested in HIMAX...or Google snatching a larger part of it), the price seems to be in overbought ranges with negative divergence on both CCI and RSI now. MACD is turning down - so this would be a hard play for buyers, but of course it can be another autumn run just like in 2013. In any case, short term i would hold (less risk - see if you want to sell some for gains), long term i would hold or buy on dips. Wearable is the future as all the major players are in - Google, Sony, Nike, Apple. Its vital to get the best players in the field on your team. But be cautious - this stock is as risky and volatile as it gets.
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