Good day traders, I am seeking a short term reversal to close the gap. Once the new low is set, will be looking into loading around the $4.62 area. Remember, entry is everything. Once new low is set, target is set to $13.36.
Hope you enjoy this setup, Happy Trading & BE BLESSED!
Trade active
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Great FAKEOUT to trap buyers at higher prices. What can I say, if you were one of those, average down is all I can tell you. This is a typical reversal pattern and one of the many setups I trade in the forex market.
Watch HIMS do nothing but DROP for the next upcoming weeks and maybe months. Keep in mind this is a higher timeframe setup so it may take a while.
Hope you enjoyed this setup and this weeks update. Don't forget to like and follow. IF you want to learn the way I trade, look for "Trading Academy & Investments" on YouTube and you will see many of my videos. Nonetheless, have a great rest of your week, GOD bless you all, and Happy Trading!
Trade closed: target reached
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Good morning investors!!!! HIMS did not give me the pullback I was hoping for to acquire some more shares but nonetheless. Target at 13.36 has been reached. This is a company still relatively new so I will take my profits and look for something else!
Don't forget to follow for more trading ideas. Happy Trading!