The Long Investor

$HIMS

Added 2024-06-26 08:09:33 +0000 UTC

$HIMS enjoyed a strong bounce yesterday after a flush down to between the 0.236 - 0.38 Fib at the start of the week, this bounce now for me is likely only a Wave B bounce, meaning it is only a relief bounce before pulling back further to complete Wave 4 at the 0.38 Fib at $20.18.

This would be the ideal scenario and consistent with Wave 4 pull backs and in line with how the Wave 2 behaved.

If we just aimlessly buy every pull back then we are chasing, we need to stay consistent, what works here may not work on the next 5 companies we want to buy, so this is why we always follow the rules to keep within our strategy.

If $HIMS decides to run higher now, so be it, we are still in with a large amount but I want to add again but only when there is a sizeable pull back to really benefit.