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Himax Technologies, Inc. Message Board

  • captdeployed captdeployed Jun 11, 2013 5:56 PM Flag

    descending flag

    short term pattern giving buyers a break. very strong probability of bullish continuation, in fact one of the strongest continuation patterns. FA easily values himx in the 10-12 range presently. innolux sale a good reason for the pause. currently at the bottom of the flag range with divy announcement and 22m private sale news about to be complete. the boys from the investor conferences are in on the sale, including the one who said himx to become a household name. you don't say that, or place a price tgt of 9 after sitting through a meet and greet unless you are 100% convinced the stock is going to exceed your tgt rather than have a meaningful pullback and reverse into a downtrend....all without the glass...

    short or long, its up to you, but you cant complain after the fact when all the signs are there.


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