The Long Investor
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$HIMS
🕑 Added 2025-05-12 10:28:52 +0000 UTC$HIMS is ripping higher in the PM now and even more so than most stocks in a heavy green PM.
There are no changes to the chart, except I added in the green 2 Fib and the 2.27 Fib levels.
We can see that the price action dropped down to the 0.236 Fib on Friday at $49.38 and found support, this is a shallow pull back for a wave 4, as we typically see wave 4 pull back to the 0.38 Fib....but these are subwaves and I do not like playing subwaves, they move fast and catch a lot of people out....so instead I always hold during subwaves and do not get involved.
So the shallow pull back for subwave 4 is still valid as there are 3 clear waves in the pull back from the Subwave 3 level at the 1.618 Fib.
We are likely in subwave 5 now and already at $56.78 in the PM.
There is a gap to the horizontal green line at $64.40....this may be the target for subwave 5 to complete.
I am holding either way.
When we see a clear subwave 5 complete and a rejection then I will consider trimming at this point and adding again when the abc subwaves complete next.
Comments
Garrett A
I placed a stop loss at 60 on a portion of my gains
safoo
I’m afraid to sell any more of my HIMS. If it goes to 30s I will just buy more
Loote
Island top reversal?
Scott Williams
Is it rare for a stock to go from a wave 5 top projection to now that level being a wave 4 bottom?
Rivers
Good grief the pullback potential, hmm I almost wanna sell and catch it down in the 30s again when it does pull back
DiegoTheSabre17
Could it be that the subwave 4 ended at 23.6%..
safoo
Well, that was quick. I’m learning I don’t like playing sub-waves either, at least not for the my highest conviction stocks that move quickly.
Z
... Huh interesting.
