$HIMS - WATCHLIST -
Added 2024-08-23 10:32:19 +0000 UTC$HIMs started the day off strong yesterday and went up +5% after analysts gave a bullish review and a PT of $24, which we spoke about yesterday
And then came the market sell off, over concerns which way Powell will go today and the gains were all given back
Now we can see in the PM that calm has come back (at least for now) and it is back up +3% again
So our commentary before the market opened yesterday remains the same today, a higher low and higher high is made now, holding above $17 and above the 0.38 Fib is bullish for me.
50 Day MA at $20 is my short term target, with the blue line at $25 next....$HIMS needs a few more earnings for the market to realise that their growth potential is sustainable.
Comments
1. It means that TLI expects the stock price to hit $20 within a short period of time ("short term" definition varies from investor to investor but something like 1-2 months is reasonable assumption) 2. Yes because the stock price is currently under, if it were above then it would be called "support"
Tyrhanosis
2024-08-25 11:16:50 +0000 UTCHi! Newbie here. What does it exactly mean when TLI says: 1. 50 Day MA at $20 is my short term target - It is a target for what? Just prediction or any action should be taken? 2. with the blue line at $25 next - Blue line means resistance ?
mt_observer
2024-08-24 11:24:59 +0000 UTC
