The Long Investor
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$HIMS
🕑 Added 2025-04-10 12:15:13 +0000 UTCFinished up +13% yesterday and showed that many buyers have been waiting in the shadows ready to step in when some certainty arrived......certainty in the way of pausing tariffs for 90 days.
This has been important because crucial support levels have held so far and now we have a higher high and a higher low now too.
Before the postponement announcement came out yesterday, I uploaded this chart and explained what I want to see next and that still carries forward for today, I want to see the 0.618 Fib at $29.54 converted to support next and the bulls can make another attempt at breaking out of this channel at $32.50
Holding above the channel at $32.50 and it is show time folks, I would expect $38 next at the 50 Day MA and above this level the risk reduces further and we would be looking at a full reversal.
So 2 important levels to flip next but I am happy with the strength shown lately and the indicators are also showing they are ready to move higher and are in an oversold position still.
Comments
Alex
I’m still counting only 4 waves down for the C wave though.. unless we had a running flat for the 5th wave I could still see us making a slightly lower low. Thoughts??
Rich Morris
Im locked and loaded
Dante
Yes 32,5$ WAR zone!
