The Long Investor

$HIMS

Added 2024-12-24 11:13:45 +0000 UTC

I want to start being very excited about this set up but this is $HIMS and it makes you work very hard....but we are ok with that, as long as it continues to follow this set up.

We knew the battle ground was going to be at $25.41, as it was in early November and after it flushed down to $19, we needed the bulls to get back to this level, so it is not surprise to see the action again here over the last week.

But there are a lot of signals to be bullish about

A clear test and hold above the 50 Day MA

Followed by a higher low holding above the $25.41 level and on the 1hr chart we can see higher highs and higher lows in a strong drift up set up.

Right now the 50 and 200 MA on the 1hr are close by at $28.80....flipping this level next to support and I think we have the all clear to move back up to $35.

I am locked and loaded here and added a lot in this Wave 4....a rally here even to $35 will yield impressive gains....so just one more hurdle to get through now.