The Long Investor
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$HIMS
🕑 Added 2025-03-20 12:43:40 +0000 UTCWe wanted to see $HIMS respond positively after retesting the descending wedge breakout level on Tuesday and we got that positive reaction yesterday with a +7.5% day.
We can see that the bounce brought the price action back up to the 50 MA on the 1hr chart once again to finish the session.
This MA has been a resistance level for $HIMS since the start of March, which tells us that once the bulls can flip this level to support, this could move very well to the upside at $40 - $44 next.....especially now since we have a wedge breakout, followed by a retest and bouncing.
Bulls need to make this happen next, it doesn't need to be today, the market could still try and digest the Fed decision today, but staying in this set up right now does give me confidence that $HIMS can move to the upside next.
