PIXART IMAGING SUPPLYING SEMICONDUCTOR CHIPS

PixArt Imaging, a company that specializes in computer interfaces and sensor technology is supposedly proving to Nintendo for the Switch.  If they are indeed providing parts to the console this would make their stock price bullish as that is a big contract.  Upon examination of the stock it is noted that it has hit a low at 67.20 TWD on the 14 of October 2016 as revealed on the month chart also on the 18 of May, 2016 a lower low of 59.10TWD which means that the stock is becoming bullish.  If I position long on this stock price I would go bullish on it until it hits a high which is very likely.