The Long Investor
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$HIMS
🕑 Added 2025-05-05 10:57:45 +0000 UTCIt is Earnings Day and we got the strong run leading up to earnings.
Two big points to make:
- We have 5 waves up, which means it is the start of a new impulse wave, this is what we wanted to see.
-Also, 5 waves up leading to earnings can also mean that we must expect an ABC pull back for a higher low next.
Where the Wave 5 tops out is what we will be watching next, so far the price has run up to the 2.278 Fib in the PM and the standard Wave 5 level typically tests the 2.618 Fib which is at $44 right now, so this may happen during the session today.....it can go higher but this would put it extended and this is not ideal leading into earnings.
Like I said before, I am not playing the subwaves here, as in, I am not selling in Subwave 5 to add again lower, many will but I am happy to have added on the Primary Wave 2 pull back and will let the price action do its job from here.
I will however consider adding on the amber fib levels if we get a standard pull back.
Comments
Kal
What’s the amber pull back? I’m colourblind.
Matt
73% it is….:/
Taylor
Margins in general (tariff related or not) will help tell the story. I'm looking for a gross margin increase back to 80%
Matt
I am so surprised that nobody talks about the probability of a negative guidence regarding possible phara tariffs. Maybe the ingredients come from china, india or somewhere. Nobody seems to adress that.
