Himax Technologies Inc (HIMX)

[Doubledown22]

Well that's the $64K question in the stock world.

We will know probably first thing in the morning whether it can hold the $9.00 support line or will it gap down and keep on losing for a few more sessions. Technically speaking solely from my reading the Daily and Weekly Charts, IMO, yes it will keep on going down as the closest next level of support and Price Pivot point is $8.03 on the Daily chart and $6.32 on the Weekly Chart.

She is WAY OVERSOLD right now though and value buyers are looking for a bottom confirmation before jumping in in earnest. This stock is very volatile right now because the herd is spooked. With today's volume we may have reached capitulation from the sellers,,,meaning they gave up and dumped their shares out of panic for whatever the best pps they could get. If it gaps down tomorrow morning and stays down for the whole 1st hour thae I would say selling isn't over and lower pps will come.

All in my opinion only---do not trade anything based off of what I or anyone else says on a public forum.

DD22