The Long Investor
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$HIMS
🕑 Added 2025-03-17 13:12:23 +0000 UTC$HIMS is up +2.5% in the PM which does pop this out of the descending triangle, we can see on the chart that the 50 MA on the 1hr chart is just at this level too at $34
We can also see that the 50 MA on the 1hr chart has been aligning nicely with the wedge top line too since the start of March.
So a break out of the wedge and above the 50 MA at $34.35 and this is a bullish indication, a hold above this level and we will be looking for signs of a reversal to the upside.
Naturally, any rejection at the top line or the 50 MA then we can expect Wave C to move down to $29 on the 0.618 Fib.
Let's see how today goes but I strongly urge members to hold or be buy minded and not consider reducing their positions in this set up.
Comments
Jags
very reassuring Cap, thanks for the commentary
