HIMS: Showing Signs of Exhaustion: Downside Targets at 42 and 33
HIMS appears to be forming a rising wedge pattern, a typically bearish formation that often signals exhaustion of upward momentum.
After several failed attempts to break higher, the price has now started to pull back, suggesting that sellers are regaining control.
A possible correction near to 52.30 can happen before it moves down further
HIMS could continue falling toward its first target at 42.00
A deeper correction could then extend toward the second target around 33.00, completing the bearish move.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
HIMS appears to be forming a rising wedge pattern, a typically bearish formation that often signals exhaustion of upward momentum.
After several failed attempts to break higher, the price has now started to pull back, suggesting that sellers are regaining control.
A possible correction near to 52.30 can happen before it moves down further
HIMS could continue falling toward its first target at 42.00
A deeper correction could then extend toward the second target around 33.00, completing the bearish move.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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✅MY FREE Signals Channel
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✅Personal Telegram
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✅Suggested News Channel
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t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.