$HIMS
Added 2024-10-30 19:10:17 +0000 UTCThis 3 wave pull back has been harsh, particularly today, so it could not be considered a Subwave 4 of the original Wave 3 on the previous chart, as the pull back infringed upon Subwave 1.
And since the pull back now has come down exactly to the 0.5 Fib at $18.60, it is more in line with being a Wave 2 then anything else.
We can also see that the 50 Day MA and the 150 Day MA (in orange) is also in between the 0.5 - 0.618 Fib levels between $18.60 - $17.39, making this a confluence level.
I would like to see a hold anywhere from $17.39 and above.....going below this level and the last line of defence before a break down is the 200 Day MA.
In April, we got a very large sell off leading into earnings and we bought at $11.
We have just been given the same opportunity, also unrelated to their earnings report.
So I added today at $19.26 and I like it here.
