Astrology Traders: Patience With HIMX Pays Off
By Astrology Traders
The following is from Sunday premium report published on June 23rd by Astrology Traders. Last week we started keeping a model portfolio for our astrology picks so you can clearly see how they are performing. Our goal is to bring more transparency to what we do. After all, performance is all that matters in trading. We do offer a free 2 wk trial, no cc required if you'd like to learn more about our stock picks.
Here is a screenshot of the stocks in our portfolio highlighting HIMX with the others blacked out, however you can see the entry price and profit/loss for day and since the position was entered to give you an idea how our portfolio is holding up during this downturn. All positions are based on a $10000 position size and it's up to individual traders to determine how much they want to their position size to be based on their portfolio size.
HIMX (Himax Technologies Inc.)
4.23 Himax closed on Friday at $5.06 and could see additional selling pressure next week where Jeff's target between $4.50 and $4.80 could get met. I will caution traders going into mid July, and to consider scaling in, as I see more positive influences after July 14th.
4.26 Update: Today's low was $4.76, which falls within our buy threshold. We actually chased it a little adding it yesterday at $4.83.
Astrology Traders provides specific dates and in-depth analysis of future events for the financial markets through weekly updates, trade alerts, and educational webinars. We now provide a free 2 week trial and you are not charged until after the 2 weeks are up so you can sample risk-FREE.
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.