HIMAX- having nice run up

5 Sep 2017

Appears that HIMAX is setting up for a breakout. Approaching 1st leg of resistance at around $11.60 ( trading today around $11.20). Looks like there is a nice gap up to about $14.60( 2nd leg of resistance) I think now would be the time to buy in for a short term trade w/ potential to pick up about $3.00 on the stock. For those looking for a long term play, it looks like there is a very close resistance level to get through at around $14.98 +/- . This looks like the stock's high going back to around 2006. Once breaking through that $14.98 number, the stock should fly. Adding a great deal of support to this prediction is that just last week, announcement was made that Qualcomm has partnered with HIMAX for the production of 3D camera ( which was well-received by the market upon the news release). This has been the best news releaswe for HIMAX in the last couple of years !