The Long Investor

$HIMS

Added 2024-11-27 18:45:28 +0000 UTC

Today was a brilliant day, as if the last 9 days were not already good enough.

We got the full redemption treatment for our patience

Even after the +23% move on Monday to eliminate the ABC bear case, we could have easily trimmed at this point but the chart said that $34.84 was the Wave 3 target at the 1.618 Fib and we got another +10% for this added patience.

So far it appears as tho we trimmed at the top at the Wave 3 target and the price has pulled back already, erasing all gains for the day but we took our profit.....making our trim even more valuable.

Now we plan to add again but I need $HIMS to cool down now and I would like to see some consolidation in this Wave 4

Like we saw with $ETH in its own Wave 4, it did not overreact, it was controlled and perfect, I want the same for $HIMS and if it takes 2-3 weeks, that is even better, it will allow the moving averages to move higher and further support the Wave 4 support level at $28.56.

If we can get this, then we add again at $28.56 to catch the next move higher which is possibly between $45 - $50 and it can take until Jan/Feb for this to develop.

Wave 4's as always have 3 waves, so a relief bounce will be next for wave B, followed by a further decline to a lower low, so no rush here to add again.

I will alert when I add back.