$HIMS
Added 2024-05-24 08:55:16 +0000 UTCPulling back sharply since its strong move on Friday and reflecting now, we made a good decision to take profit here at $20 and put it into $SHOP which has been stable for the week and protected our gains.
Price is just sitting on the 50 MA on the 1hr chart and the 0.5 Fib now too at $15.90
I would like to see some strength here now and a show of support to end the week.
The 50 DAY MA is at $14.12, meaning there was considerable distance from the price action at $20.11 and the the 50 DAY MA after last weeks aggressive bounce, we should not be surprised to see these two drifting back towards each other.
I am not ruling out adding here again but I want to see support confirmed first, I am happy with my position right now
