$HIMS
Added 2024-11-01 12:16:44 +0000 UTC$HIMS reports on Monday, market makers I believe got their wish to have this down at the 50 Day MA leading into earnings....remember this is exactly what happened with $AMZN yesterday as it dropped to $185 at the 50 Day MA and now it is at $200 in the PM.....an +8% swing in 24hrs....this is substantial gains for a institution to make.
We expect $HIMS to beat and I think the market believes this too.
So buying just above the 50 Day MA and in between the 0.5 - 0.618 Fib, and above the 200 Day MA support level allowed us to add yesterday...and we did not chase at $23.
This price also compliments our average and there is a +23% gain back to the blue line at $25 from here.....all of this is attractive right now.
If $HIMS gives a concerning guidance then the share price may drop to the 200 Day MA at $16, this is the risk.....but their CEO is adamant that they can grow their membership to millions from where they are now, strong words but he backs this up with results.
I like the 3 wave pull back so far, I am happy with my gains and my position going into earnings....now we need them to deliver.
