The Long Investor
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$HIMS
🕑 Added 2025-01-28 12:03:25 +0000 UTC$HIMS really showed its teeth yesterday and even pushed higher throughout the day until a slight fade in the afternoon.
The 50 Day MA has not been retested either and we only have a retest of the 0.38 Fib so far
For me there is a clear route to $35, Paul is a popular EW Theorist on X and he has $HIMS in Wave 2 now and moving into Wave C, which would bring this down to the 200 Day MA to complete...and then moving into Wave 3. For me, we are already in Wave 3 and the $25.41 level has been such a strong hold level of support, I struggle to see how this level will not hold on a retest (unless their earnings are a big shocker)
Either outcome is the same for me, I am holding and would add again at $21....but if I see any breakdown in structure, we will be ready to trim.
Right now, $35 is next for me.
Comments
Bazinga
Is that wave 5 $45 target long term? Or could that be reached within the next few months
Gareth Neary
updated.....I was referring to Pauls scenario, so I would add at $21 if that played out.
Pieter Sargeant
You mentioned you would add again at $35, did you mean $25 here as your target is $35?
