One more upload here because it is a popular chart in our group and today was an important day,
We said that negative FDA news for $HIMS would likely bring the price down to $25.41 and that is what happened today, it overshot to the 0.618 Fib exactly but for the majority of the day the price was battling at the blue line
We can see that the 50 Day MA finished the day on this level too, further highlighting the importance of this level
Big finish into the close and the price finished at $26.35 and above the level we added at today.
If this is Wave 4, it has not infringed upon the top of Wave 1 at $23.76, so the impulse wave and Wave 5 level at $45 is still in play.
We need to see that the bleeding has clearly stopped now over the next few session
But I believe at the very least a relief bounce is due next.
Happy that I added today at $26.
Ashish Srivastava
2024-12-21 17:05:44 +0000 UTCLudwig Greiner
2024-12-20 14:30:13 +0000 UTCMartin Robertson
2024-12-20 01:00:37 +0000 UTCDanny
2024-12-20 00:49:31 +0000 UTCJay
2024-12-19 22:37:26 +0000 UTCRandomFan
2024-12-19 21:55:55 +0000 UTCRudyM
2024-12-19 21:14:54 +0000 UTCGareth Neary
2024-12-19 21:11:10 +0000 UTCRudyM
2024-12-19 21:10:10 +0000 UTC