$HIMS
Added 2024-12-03 19:46:36 +0000 UTCThis triangle now has my attention
Which is commonly found in Subwave and Wave 4's if there is a lot of interest in a position
We can already see that the price pulled back to in between the 0.236 - 0.38 Fib below $30 and moving strictly within this triangle after a strong bounce today but still did not manage to make a higher high
The plan:
If there is a break down then I expect the 0.38 Fib to test at $28.53 and we add.
A breakout to the upside and holding above $34 then I believe subwave 4 is complete
The overall message here is that I believe $HIMS is waiting to go into Wave 5 and continue it's trend higher, so weigh up where you are comfortable to add.
Comments
Entered a bit more here in the PM - felt I was underexposed to this one after the last trim.
Chris H
2024-12-04 14:02:28 +0000 UTC
