The Long Investor
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$HIMS
🕑 Added 2025-02-20 15:10:04 +0000 UTCGood news is that we have started our pull back after rejecting at the 2.618 Fib yesterday after another strong bounce and the second part of the good news is that the pull back is half way complete too.
I shared this chart yesterday too and showed that the 0.38 Fib is at $50 now, so this pull back has been coming and not a surprise to see if happen after a euphoric day like yesterday.
The 50 MA on the 1hr chart is at $53 now, this is also an area of interest for us too....but we need to see 3 waves down, this is just one wave down today, so there will be a bounce, followed by another leg down.
I will update this as it happens.
Comments
Jorge Cardenas
that's what he does- but he doesn't give advice. would be reasonable as you can get your profits and put them back in and get more.
Nighthawk
Cap, what do you do going into earnings? With conviction, do you hold? How do you manage?
David-Ted
Hindsight however, should 20% of my position have been sold when it hit wave 3? To then add back at wave 4?
Gareth Neary
No issue with that at all, I added $PYPL recently at the Wave 4 support level
HS
I think even those who bought once are looking to add more after wave 4 completes (including myself lol)
MuaSer
CAP, would you recommend someone who missed the HIMS train to join at Wave IV (4)?
