The Long Investor
patreon
$HIMS
🕑 Added 2025-03-12 11:32:20 +0000 UTCInteresting day yesterday, a strong bounce at the opening out of the descending wedge and the price action tested the large red 0.5 Fib at $37 from below....unfortunately this was met with a strong pull back but there is a positive, the pull back finished on the outside of the wedge, which is not a bad sign right now, meaning this is a retest of the wedge breakout
If the price drops back down into the wedge then we can expect the Wave C target to test the standard 0.618 Fib at $29.
Holding above the wedge and the two important levels to recapture will be $36 and $37....staying above these levels and we can expect a move back up to the 200 Day MA at $44 next.
