The Long Investor
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$HIMS
🕑 Added 2025-02-12 11:51:54 +0000 UTCSome slight bending on the price action and indicators now at $45 but there is still no rejection at this level and the price also tested $45 again yesterday.
RSI is at 79 now, so we know it is overbought at this level, it has run from $24 to $45, this is therefore expected.
The ideal scenario would be a large drop now to the Wave 4 level at $33.60 and complete this before their earnings on the 24th of Feb but it may be very tight to get this complete in 12 days.
I do not recommend doing anything right now, I have sold 15% and that's my limit, this could easily rally to $50 before the earnings but it is looking like the market is front running a very positive expected earnings
I will be adding again when this pulls back for Wave 4.
Comments
Issac
Is there a case in which it runs up to $50+ and then the $33.60 is too low for Wave 4 and not possible? In other words, can this Wave 4 target price change and increase to a higher number, let's say $38, for example?
Nighthawk
Thanks man. Been following for a while and loaded Hims at $25 after your conviction. Excited to be here.
Gareth Neary
Regardless we always expect a Wave 4 pull back......profit takers will come in heavy, as they always do after a strong run like this
Nighthawk
Even if it rally’s $50+ before earnings, do you think it will still retest 33.60 regardless or is there a scenario it doesn’t at all?
