Tuesday, August 19, 2014

Opened HIMX

I opened HIMX yesterday.  I love the little shelf that it has built after its early August run.  It is building a nice tight range.  If I had to guess, I would speculate that it will get its next kick upwards after the 10MA reaches the current price.  I included the year long chart to show how well the 10 and the 13 MA tracked both the up and down moves.  The 10 MA should collide with the price in a day or two at that time look for the kick, which is why I'm in now before that occurs.  But the ultimate breakout will be stronger if it can stretch the consolidation area for another week. 

Entry: 7.76
Stop 7.40  

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