The Long Investor
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$HIMS
🕑 Added 2025-03-14 13:07:54 +0000 UTCWe are all big fans of $HIMS and it has been very rewarding to us and will be again in the future....but right now I still believe we are in Wave C and most importantly, it has been moving very well in Wave C too.....we can see that the descending wedge is getting tight so sellers are starting to get exhausted while we track nicely to the standard 0.618 Fib at $29.
We also have a very strong support level just below at $25 if the worst scenario plays out.....but for me, staying in this wedge until the market gives a relief bounce at the very least is something I am comfortable with
Because when the breakout does come, there is potentially a lot of upside and making new ATH's would be expected.
I am considering another buy once support is held next.
Comments
Coy Coy
Cap, I reading the book on page 40 it says triangle only be seen in wave 4 and wave B and X. Hence for this case, we should be in a corrective X? And next will be wave 1 ? Also would like to know why you choose to enter once support is held and not till higher high is seen ( is it base on your risk level u okay if it go lower?)
Gareth Neary
No this is not a Wave 4 pull back, as the pull back would infringe upon Wave 1’s top, when this Wave C completes I believe we are moving into Primary Wave 3
Marcelo 🇨🇱
Same question
Rag
Cap, any thoughts on the HIMS leveraged ETF $HIMZ?
Massey
Cap this is still wave 4 correct? Wave 5 to come next if it’s not invalidated?
Ronnie
Is the breakout and ATH a possibility this year?
Jags
Hopefully, another notification when Cap buys again
Marek
Please let us know the second you buy HIMS again or think it's a good entry
safoo
Clear and actionable commentary, thanks.
