$HIMS
Added 2024-10-08 14:18:29 +0000 UTCThe two wild swings over the last week has made this structure a bit uneasy to read, so we'll prepare in a conservative manner
The main point is that after the sharp decline to $16, price recovered and made a higher high, confirming the upward trend, the pull back was short and sharp so it is unclear which subwave count it was, so I have added the white fib levels to guide us if there is another pull back to test a higher support
Paying attention to the 50 Day MA at the 0.5 Fib at $16.77...this may happen over the next month if the market struggles and as we move throughout the earnings season
If $HIMS decides to make its move up to the blue line now at $25, I would have no issue with this, likewise, if a 50 Day MA test is needed first, I'll add again
