The Long Investor
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$HIMS
🕑 Added 2025-04-29 10:15:15 +0000 UTCYesterday we got a clean breakout of the channel that has been in place since mid feb, followed by a retest of the breakout level at $27.70.
Price did bounce as high at $30.87, testing the 0.618 Fib and the 200 MA on the 1hr chart.
This did offer resistance but a retest of the breakout level is always what we want to see after an initial breakout.
Right now the price is in between the 50 and 200 MA on the 1hr chart and in between the channel breakout level and the 0.618 Fib at $29.62, so this is a very tight range as we lead into an important earnings report on Monday.
I suspect there will be a strong move next as the range tightens.
We want it to break to the upside.
For me, all I need to see over the next 10 days is a breakout above the 0.618 Fib at $29.62 and holding, this will be enough to confirm the trend to the upside.
Comments
Georgette
Watching $HIMS today is a beauty to behold. Thank you!
Chris H
30% up. I thought it was a typo.
