Harry has posted a Charts of the Day video on HIMX at TheTechTrader site noting: Himax Technologies, Inc. (HIMX) popped out of the wedge, or coil, that was forming on Tuesday, jumping 45 cents, or 7%, on 6.4 million shares. That’s the biggest volume in five sessions. If it can just get over the spike high that reversed at 7.10, reach 7 1/2, and then 8 3/4.
Be careful of these sites as it is the technical sites which sees the chart of HIMX and thinks about coordinating a short or Bear attack. Ask Piper about that he could not have done any fundemental research or known anything about HIMX. It was just the chart pattern that attracked him and others.
And, if you were watching trading the past two days, there were a few funds or market makers who threw some big blocks out trying to take HIMX down a bit or stop the advances. Even today, they tried it.....albeit half-heartedly as I think they know they can't stop the freight train now.
But, it is the mindless technical traders who will see HIMX charts and think short opportunity.