The Long Investor
patreon
$HIMS
🕑 Added 2025-03-25 11:29:08 +0000 UTC$HIMS had a great day yesterday, price broke away from the 50 MA on the 1hr chart after finding support on this MA late last week, made a higher high yesterday and then proceeded straight up to the 50 Day MA at $38, which is also the large 0.5 Fib.
All of this is good to see and showing strong signs of a recovery now.
Big test coming up will be flipping the 50 Day MA and the 0.5 Fib at $38 to support, everyone would like for it to happen straight away but the arc suggest that it may take a few sessions, we do not need to see a V shaped recovery, all we need to see is a trend in the right direction and this can take time.
The RSI and the MACD indicators are clearly showing a positive trend now, so this will encourage more buyers back in here.
The $38 level can be tested a number of times and an ascending triangle can form under this level too which will be a bullish signal
Give the price action time to work now because breaking and holding above $38 and the reversal is on and this is obvious to the market, market makers may want to get as much shares as possible before this happen.
Patience now.
