$HIMX Bottom Fishing - Support @ 200 Day MA?

I've had my eye on the Semiconductor name for awhile now. I decided to do a little bottom fishing with what I think is a very low risk entry. This bounced off the 200 DMA today and I'm looking for it to hold and continue to bounce. If not I'm out on a close below LOD which would also be under the rising 200DMA. This is a very small position as it is " bottom fishing." Who knows where the bottom may be?

This has also been basing for about 206 days now or almost 7 months. As the old saying goes: (paraphrasing) the longer the sideways move the bigger the breakout / breakdown move. Ideas, not investing / trading advice.

Bình luận:

9/1 Added small here @ 12.22. So far so good. Same stop, close below 200 DMA

Đóng lệnh: dừng lỗ:

9/7 Well, that trade did not work out. Closed below 200 day so closed out at 11.75