The Long Investor
patreon
$HIMS
🕑 Added 2025-03-18 13:11:33 +0000 UTC$HIMS has been moving very well, price action jumped +7% at one stage yesterday, broke out of the descending wedge and above the 50 MA on the 1hr chart, price did fade into the close but this has just been a retest of the 50 MA from above at $34, which is also seen in the PM now too.
So what we are watching for today is a either a hold on the 50 MA on the 1hr chart at $34 or a retest of the wedge breakout level at $32, either option is no concern for us, once the price holds on the outside of the wedge
A bullish move this week will be flipping the 0.5 Fib at $37.82 to support, which we can see has been a resistance level since the start of March.
Steady heads now and we could be seeing a reversal confirmed shortly.
