$HIMS
Added 2024-06-27 13:51:08 +0000 UTC$HIMS is likely going to be a hot topic today and at one stage was down -18% in the PM but sitting at -9% as of writing this.
We can see since the market opened that the lowest point was between 0.38 - 0.5 Fib which is standard for a Wave 4 pull back.
Also interesting here on the 1hr chart we can see that the 50 MA was a resistance level during the week, meaning the market expected this to move lower either way, as we did too.
If support continues to hold above the 0.5 Fib, I will consider adding here again.
Those who are comfortable with a DCA strategy should consider a position too.
Comments
Wave 3 went from 21 to 30?
Brian
2024-06-28 00:30:05 +0000 UTCIt has a habit of it for sure
Gareth Neary
2024-06-27 14:14:21 +0000 UTCI sold too early in the last impulse wave, but I am glad to see that I will be able to get back in at a price lower then my selling price :-) As you say, market always gives you a second chance !
Luc
2024-06-27 14:00:54 +0000 UTC
