The Long Investor
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$HIMS
🕑 Added 2025-03-27 10:09:51 +0000 UTCStrong pull back after testing the $38 level yesterday and not being able to flip this level to support, so we are watching for a higher low support now.
2 Days ago I said that we need to let the base of this Cup form and a V shaped recovery was not likely and we didn't need to see that either.
If we can consolidate sideways along the base of this Cup between $31 - $38 I will have no issue with that and then start moving higher.
The market is still trying to find its feet and we know there is a battle at the 200 Day MA, so I do not believe there will be many outliers in the market right now because of this.
I continue to happy with the set up and the projection for the rest of the year.
Comments
V
I bought my first position in a while yesterday. Wasn't expecting such an attack on it.
Federico Salerno
Cap: since I started my position relatively lately, around 45 average, do you think it would make more sense to wait as always a confirmation of support (31 - 33) and do another dca or would it be better to wait for the strenght when 38 gets converted to support? Or maybe both? I ask because I am not sure where to look for a buy zone in this case. Thank you as always!
Marek
So choppy for now but by end of year we should be higher than current price?
