The
HIMX swing ideaI decided to take another look at HIMX on the technical level because fundamentally, this a great company and it offers some fantastic price action, plus I saw a few bullish sweep alerts, you can see the volume coming in on those further dated strikes. The volume is also high when compared to the open interest, again only on certain strikes/expiry. NASDAQ:HIMX
This is a simple swing trade.
My stop loss is $9.75.
Lot's of 20-30% moves in a short period of time.
The price has been respecting this channel it trades in, a high of around $14.00 - $16.00 and a low of where we are about now. I plan to swing it back to the $12.00/$13.00/$14.00 range.
I really like this company so I will probably exercise one or two of those contracts, they pay a dividend and my thoughts are that HIMX will trade in sympathy with the china tech and e-commerce, even though it's Taiwanese, it get's the kind of the reg-fear and volatility you see with the former. They also pay a dividend at a rate of 2.57% and a PE of 5.42 is almost free compared to most stocks.
Compare MCHP at 89 P/E and MX trading at only 12x. By the way MX chart looks like a very similar price fade in a similar way HIMX did. If semi conductors are strong the rest of the week I think we'll see HIMX start making it's move up the top of the channel.
Please share your thoughts, I'm more than obliged to hear them.
Orn is coming , stay tunedEntry : between 6$ and 7$
Take Profit 1 : 11.7$
Take Profit 2 : 17$
Take Profit 3 : 26$
Take Profit 4 : To the Moon + 50
LONG BTCThe story, the chart, the analysis is same what they were on 16 oct, same like 16 oct it doesn’t break the support and then it goes toward the ATH. same stuation for now it doesn't manage to break strong support and now i am expecting it to move between 59 - 63k range before the ATH ladies and gentlemans
🌀GRT at key level // S. TriangleToday the price saw rejection from upper dynamic resistance which is also where 200EMA is. It is now trying to defend key level (0.79) but with ETH pulling back right now it might be hard to hold. No matter what happens a bigger move is coming which should give a clearer direction for upcoming weeks.
Entry: Buy if price reaches the lower trendline(green area) -- or buy on break 200EMA -- or buy later on a local pullback
Long-term targets:
TP1: 0.97
TP2: 1.10
TP3: 1.30
TP4: 1.74
TP5: 1.91
TP6: 2.18
TP7: 2.87 (~250%)
TP8: OPEN++