The Long Investor

$HIMS

Added 2025-02-06 12:19:38 +0000 UTC

We trimmed at $44 yesterday and rolled the profits into $OSCR which we got at $15 and made a 3% gain on that position....but I would still like to trim more of $HIMS in this Wave 3 in order to buy lower when the Wave 4 pull back is complete

So if you missed out on trimming yesterday, this should not be a concern, as the pull back is not confirmed just yet.

It is clear that $HIMS has gone parabolic now, the 50 Day MA is all the way down at $29 now, such has been the strength of this move in the last month, so anybody who has trimmed this week, it makes perfect sense....do not let $PLTR's extraordinary run cloud your strategy...so I have adjusted the chart now for Wave 4 with the assumption that the top of Wave 3 is complete, to see where we should expect Wave 4 to pull back to.

Right now the 0.38 Fib is at $32

But there is a variable here, the pull back is unlikely to complete before the earnings report is due on the 24th of Feb, if it is? then perfect, we have an entry point and could take advantage of a strong earnings

I think everyone is expecting the earnings to be good, the market certainly believes so

In the PM now the price has recovered from early prices so let's give the price some time to fight and possibly reach $45, we have not seen a rejection yet, so I have not sold the remaining 15% I intend to sell

The RSI is overbought now at 82, so this is in a position to come down and follow our chart perfectly.