$HIMS
Added 2024-08-05 08:53:32 +0000 UTC$HIMS reports after the market closes today and opened in the PM down -9%.
We need to revert back to my original $HIMS chart because this pull back is behaving like an ABC correction and not a standard Wave 4 pull back.
On the chart above we have Wave 5 topping out at the blue line at $25 and then pulling back for an ABC correction, price hit $15 today in the PM, so it has experienced a strong pull back now.
Today is not the day you want to release an earnings release but I still expect it to be a beat.
I will be watching for a hold on the 0.38 Fib at $17 or the 0.5 Fib at $14.24 where the 200 Day MA is moving up to.
I will wait for earnings to be released before adding to my position, a hold on the 0.5 Fib would attract me to buy.
Comments
15.88 low holding here at 17.6 AHs
TommyJR
2024-08-05 22:02:24 +0000 UTC
