Himax Technologies $HIMX had quite a run in 2017, reversing a bearish trend after finding support just below $5.00. Share price came up to $14.00 by December before a recent sharp correction. This correction brings price closer to $10.00, which I believe will be a key support.HIMX Daily Chart(click to enlarge)Sharp Pullback:- The pullback was sharp, almost erasing the prevailing upswing. But it didn't.- Price is still above the 100-day and 200-day simple moving averages.- It is still above a rising trendline. If price came down to 10, it would meeting this trendline.- Finally, the RSI is still holding above 40, which reflects maintenance of the prevailing bullish momentum.- If price can hold at 10, expect a retest of the resistance around 12 and then 14. - This would be a bullish continuation scenario, which means there could be upside above 14 in 2018.- In fact, I think a conservative upside projection based on the weekly chart is the all-time higher around 16. - If price falls below 10 however, we should anticipate a test of the center of consolidation, which is around $8-8.50. HIMX Weekly Chart(click to enlarge)