HIMX - Sell Signal as Predicted
After a 4-day explosive move and more that 46 million shares traded, today price reached our last target almost to the penny:
-The target was set to 12.02.
-Price reached 11.97 before reversing.
After such a powerful move, price is most likely going to retrace. It will probably do it in a 3-wave corrective move, before resuming the previous trend. We shall see.
This was a great trade and for now we are out! 37% gain in 5 days.
Good Trading everyone!