While I was away from my desk on Monday, the HIMX (Himax Technologies Inc) short trade hit the sole profit target, T1 at 8.30, for a 31.8% gain from the entry just over 4 weeks earlier. As T1 was the sole price target for HIMX, this trade will now be moved to the Completed Trades category where all trades on RSOTC.com, winners or losers, are archived indefinitely for future reference. The previous & updated charts below provide a quick visual history of the trade.

As expected, HIMX did find support around the target level and has made a modest bounce but still provides a chance to book full or partial profits on the trade for those still short. I also have another uptrend line drawn on a longer-time frame chart (not shown here) that comes in around 5.50 right now & a horizontal support level around 5.00 as well. Based on my interpretation of the charts, I think there is a decent chance that the stock may work its way down to one or both of those levels in the coming weeks/months although it may need to bounce or consolidate for a few days/weeks before doing so. Therefore, longer-term traders could also lower stops to protect profits while letting the position ride. If so, contact me & I will be glad to share my additional charts & thoughts on the stock.