The Long Investor

$HIMS

Added 2025-01-11 13:05:05 +0000 UTC

Big flush down at the opening yesterday and below the 0.618 Fib but did not touch the yellow bottom line in the descending wedge, strong recovery then and where did the price action finish the day?....exactly on the blue line at $25.41....not one cent higher or lower but exactly on the line we have been monitoring since June

So we know for certain that this is a significant support/resistance line.

$HIMS did show strength against a difficult market on Friday and what holders need to remember is that: $HIMS will continue its share price growth trajectory in spite of the GLP rulings if they continue to achieve their fantastic subscription growth numbers, which could be above +40% for this quarter.

The management's job is to continue to be flexible and move into new areas in the health sector as the market opens up, their agile ability has already helped them expand rapidly this year too, this must continue and I think they can achieve this....it is still astonishing to me that their market cap is only $5.5 Billion, especially considering the Large Health companies have identified $HIMS as a significant threat.....which often leads me to the conclusion that they should be looking to buy $HIMS and/or $AMZN should too.

So hang tight for now, let's respect the blue line as the price is and hold strong during this rocky storm in the market.