The Long Investor
patreon
$HIMS
🕑 Added 2025-05-01 16:09:44 +0000 UTCSolid response today and regaining the losses from yesterday, after a successful test of the 0.5 Fib at $31.64.
Price is now above the 50 Day MA at $33.90 and is just at $35 right now.
I would like to see the price action hold above $33.90 to finish the week and this will set us up nicely for the ER on Monday after the close.
A better than expected ER and we are into Wave 5 with a target at $44.81 I believe....which would mean the jump from the 7th of April low will be exactly 100% to our target.
Comments
Ondrashin
generally a pullback is expected, down to 32usd (0.618Fib) if the wave v target in chart is met. Remember, even Cap was trimming around 45usd before the price went parabolic back in February. The theory gives you a framework that leads you, you cannot predict such moves. The current count suggests we might be starting a long term wave3 (137usd), and there will be multiple subwave counts before we get there, each with its respective pullback. Anyway lets see if earnings outlook further confirms the thesis))
SK27
What’s your primary 3 target as you posted on X? :) can you post a LT chart?
Elad
If $HIMS reaches the $44.81 target (as the projected end of wave 5), should we expect a pullback before the next leg up? Or would we need to wait for confirmation to see if it’s a corrective move or the start of a new impulsive cycle? I’m asking since the last time it hit that price zone, it went parabolic — wondering if history might repeat or if the wave structure suggests otherwise.
Gareth Neary
Downside risk is back to the 0.618 Fib at $29 for the gap fill
Z
In the event ER isn't as favorable, where would we expect HIMS to default?
