In November-December, we saw Himax Technologies $HIMX fail to tag $14.00 per share. HIMX then fell to 10.00, where we saw a rising trendline. Meanwhile, with the RSI at 40, we noted that this would be a good pivot for a rebound if the 2017 bullish momentum is still alive. HIMX Daily Chart (click to enlarge) Support Respected:- Despite the sharp dip in December, price held around $9.75, respecting the rising trendline support. - This was also a support/resistance pivot. - The overall trend is still intact, though I am concerned by the strength of the dip in December. - The weight of the prevailing dip makes the 12.00 resistance pivot a key one to monitor for resistance.- While the bearish outlook is left on the shelf, the consolidation, or sideways scenario is still on the table. - A break above 12.05 should open up the 14.00 area, where we should anticipate resistance again. - A break above 14.00 then opens up the 2014 and all-time-high at 16.29. - While this bullish scenario is possible, we should prepare for a period of consolidation, based on the strength of December's correction swing. - This means, expect some choppiness, and more consolidation before price breaks above 12 and 14.