The Long Investor
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$HIMS
🕑 Added 2025-02-03 18:50:00 +0000 UTCThis is our scenario now, we have burst through the potential resistance level at $35 and there has been enormous strength since the $24 level
The Inverse Head and Shoulders pattern has completed perfectly and we are locked into the 1.618 Fib for Wave 3 and on the border of going parabolic now which is typical of Subwave 5 of Wave 3.
I have shown the larger chart here and we can see that Wave 3 aligns with the earnings report date at the end of Feb
Clearly the price action is leading strong into this earnings now, if this continues I will trim before earnings because it will feel like a buy the rumour sell the news event and I will be up nearly 400% from my first but, so I need to lock in profits.
My intention has always been to rinse and repeat here and I will add again on Wave 4 on the 0.38 Fib at $36 if all goes to plan to catch Primary Wave 5 here to $73.
Any pull backs between now and $45 then we should be looking for a test of the $35 level which happened today at the opening.
Comments
Piotr Z
Thank you Sir! $50.69 level is max for wave 3 ?
Gareth Neary
Yeah certainly at least +20% and possibly more if there is firm resistance
Matt N
Thanks for the continued life changing support and knowledge from Americas Dairyland! Cap is HIM!
WiktorW
Gar do You intend to trim 20% like always or bit more ?
Brian
Letβs goooo
Sam
Sounds like a solid plan π
