The Long Investor
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$HIMS
🕑 Added 2025-05-06 11:04:55 +0000 UTCFantastic earnings across all metrics and EPS beat by +65% above estimates. The YoY growth numbers were mind boggling and $HIMS continues to exceed expectations and deliver on their projections.
Price action jumped as high at $43.10 yesterday on a negative day for the market, if the market was green we would have likely seen the 2.618 Fib get hit at $44.60 to complete Subwave 5.
Price is down -6.3% in the PM now as we anticipated, so the abc pull back can happen now.
A lot of people will be scratching their heads wondering why the price action would be negative after such a great earnings but we have tried to explain to be people how wave movement works, we can bring a horse to water but we can not make them drink it.
The $HIMS price action over the last 2-3 weeks has strictly followed our projection and we are very happy to see no surprises.
The 50 and 200 Day MA are starting to move towards the 0.618 Fib at $31 so this will be a confluence level for a higher low pull back.
But right now, all we want to see is a 3 wave pull back to the amber support levels between $35 - $31 and it will give us another opportunity to add.
Comments
Space Bar
CAP, now that HIMS ripped, should the FIB be adjusted based on the price of HIMS at the moment or do the FIBS remain the same?
Matt
it wad down because of the guidence miss, clearly
Gareth Neary
next time read the commentary
Alex
Those amber fib levels are coming up a little based on today’s high now
PhillipC
I sold pre market because you said it’s coming back down. It ripped instead .
Rich
Is this where a smart man might trim a bit?
Chris H
We are ready
P Phone
I sold 3 $45 may 9th covered calls on hims yesterday for almost $900 in premium. I also sold 2 Jan 2026 30 calls for $1500 profit. I figured there would be major resistance around the 43-45 level. Very happy that it appears I was right. If the price is under 45 by may 9th the options expire worthless and I get to keep my 300 shares. I expect to buy more shares when the price goes lower to increase my position size. I love making money using shares I already own.
Michael
The other adage is “you can lead a horse to water but you can’t convince them it’s Jack Daniels”. People believe what they are ready to receive. Can’t thank you enough for your guidance and teachings during this turbulent time. 🙏
