The Long Investor
patreon
$HIMS
🕑 Added 2025-05-16 12:43:05 +0000 UTCNice pull back yesterday down to the 1.618 Fib which we can see was the subwave 3 top and it was also a test of the 50 MA on the 1hr chart too at $54.
There is only a 3 wave pull back since the gap fill at $66, so right now we can not rule out Subwave 5 being complete yet as we know Wave A has 5 waves, so this count is still developing.
I do not like playing the subwaves but I believe trimming 15% of my very overweight position here in my portfolio during the recent aggressive run is an appropriate measure to take to manage my risk.....and then the $UNH opportunity presenting itself yesterday is another example that trimming and being ready for the next opportunity is something we are very good at doing here.
My plan remains the same here, add when C completes.
Comments
sahilpreet Singh
Planning to trim anymore if this runs to ATH?
