$HIMS
Added 2024-06-13 09:30:07 +0000 UTCMassive day yesterday for $HIMS and showing more positive movement in the PM now too so we must conclude that pull back on the 21st of May was Wave 4, which was extremely short and fast but hit the perfect Fib levels for it to be valid.....likely brought on by either large buyers or the masses realising how big this can be, we can see that after earnings $HIMS became very popular on X and many likely bought too.
This Wave 5 is reaching now for the ATH line at $25.41 which is close to the 2 Fib, I said in the last update that this can go as high as the 2.618 Fib in normal conditions, so I will be sticking with this until there are clear signs of a rejection.
Fundamentally it is still good here but technically the chart is getting stretched and going parabolic, the targets are being hit in record time.
Comments
I pulled out yesterday, 90% gain in 2 months was “too quick” to not take profits. Did that mistake too many times before.
Matt
2024-06-13 11:53:14 +0000 UTCWould love to see the long term chart for this one
Steve Cullip
2024-06-13 09:58:06 +0000 UTCCertainly will look at the 2 Fib and the ATH line for a rejection, if we get this then i'll trim again and wait for a pull back to add again
Gareth Neary
2024-06-13 09:37:20 +0000 UTCI trimmed another 20%
TommyJR
2024-06-13 09:32:36 +0000 UTCYou trimming again near the 2 fib Cap or you holding to add at the bottom of C?
Jesse Gaffey
2024-06-13 09:32:20 +0000 UTC
