The Long Investor
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$HIMS
🕑 Added 2025-05-08 10:49:57 +0000 UTC$HIMS strength has been incredible, so I have taken some time this morning to assess the count and see how the price action has been aligning with different impulse counts.
The run since the start of this month has been very strong, the ER was then even better than expected and the $NVO deal killed the bearish thesis and strengthened its balance sheet for the year.
Two very big catalysts.
So this count here is valid and the move since the start of May can be a Subwave 3 which is where an aggressive move is accepted (borderline parabolic)
But $HIMS needs to slow down, it needs to buy time and a Subwave 4 next after a test of $54.41 level would be ideal and pull back for a test of the $45.72 level.
Wave 5 also aligns with closing the gap up to $64.50.
$HIMS will likely continue to share updates on their expansion and this will fuel the attention more towards $HIMS, so I believe getting to new ATH's this year is a strong possibility
But we do not need to see this happen all at once.....I want structure, not a pump but so far it is valid.
Comments
Nitin
I just wanted to clarify; are we not going to see a pull back to the low-mid 30s anymore?
NR15
Lol i think the chart is pretty clear
Jinx
Put in a limit order at $46 today. Thanks.
Chris H
Thankfully I didn’t sell more. Learned my lesson from the first short squeeze where I left lots of profits on the table!
Nighthawk
@Cap you would add at $42-$45 now?
Paperish
I was just thinking the same thing.
Scott Williams
I guess worse case for us that trimmed at the previous wave 5 ($46) is we could by back in at wave 4 if we believe it’ll hit a new ATH.
