The HIMS stock chart displays a pattern resembling a cup and handle. If confirmed, technical analysis suggests a possible price target exceeding $24. While the cup and handle pattern suggests a potential price increase, it's important to consider other factors that can influence the stock price, such as the company's fundamentals, industry trends, and overall market conditions. It's also crucial to understand the limitations of technical analysis and avoid solely relying on it for investment decisions.
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One thing to note is the gap at $10 on the daily chart.
I'm not sure I would consider the conditions during their extremely volatile IPO in any TA, but I do agree there is a lot of upside due to the most recent quarterly and the company turning profitable.
ParabolicP
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@neilchart thanks for the input Neil. I appreciate you.