$HIMX 20260618 12.0 CALL$ Still a long way to go... this is the moment of truth... from a technical point of view, the principal stock price is approaching $21.80, its recent high.
What happens as it approaches $21.80? Obviously a possible double top and followed by a rapid correction! The neckline for this double top is at $17.3, meaning we will be expecting a correction target of $12.80 if that happens! That is a steep correction of more than 40%... Furthermore, there is a price gap between $12.3 and $14.9.
On the other hand, the price action needs not stop there at $21.80. The RSI looks promising, at 70. It's entering overbought territory yet its movement momentum appears to have just started. There is a very good chance that this uptrend is intact - for now. The volume has increased slightly, which is a good sign. We need to see a further increase in participation for a clean breakout to occur. If it does, it's anybody's guess where this will take us!
With SpaceX's IPO, further hot money will come in. The question is if this hot money 💰 will bring everyone else along, or suck out the equity from all others that they couldn't stick around. If it is the latter, SpaceX won't look good in the middle term.
$Himax(HIMX)$ is just riding the AI led boom... the ride is still early but we are slowly reaching out moment of truth... I am eager to see where we go to from here...
@Daily_Discussion @TigerStars @Shernice軒嬣 2000
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