$HIMS has tested the yellow trend line 3 times this week, which remains above the 0.5 Fib at the 200 Day MA and we can see that the 200 Day MA is moving up to this level too.
Losing the trend line would not concern me but a break below the 200 Day MA and more importantly, rejecting under the 200 Day MA, then there is a possibility that the 0.618 Fib will be tested next at $11.50.....which is only the standard pull back level to hold.
I have plenty of $HIMS shares now and do not feel the need to add right now.
Brian
2024-08-30 16:08:13 +0000 UTC