HIMS approaching a crucial point since it is reaching the end of the descending triangle. I expect a breakout shortly, where BULLS will finally take control of this stock again. With only 1 year of this stock going public and 3 to 4 years of its existence, this company has huge potential and it is growing at a very fast pace.
HIMS is facing major competition since HIMS is a digital platform, but so will all other telehealth companies be very soon. Only time will tell.
HIMS is facing major competition since HIMS is a digital platform, but so will all other telehealth companies be very soon. Only time will tell.
Trade active:
Good afternoon everyone, last week I said I see this dropping somewhat to the $4.39 area, after adding the Fibonacci to its most recent move, I will change that to $4.50. Last swing high gave a retracement of .382 on the Fibonacci, which should give us a 1.27 extension, right at $4.50.
On the not so technical side, we have major institutions now in on all this. Oaktree, Vanguard, Ameriprise, Fidelity and much more. Keep holding strong, this will change course very soon.
On the not so technical side, we have major institutions now in on all this. Oaktree, Vanguard, Ameriprise, Fidelity and much more. Keep holding strong, this will change course very soon.
Trade active:
Market did shoot lower and this is one of the reasons I am not a big fan of trend lines. Based off market structure, trying to break that $5.00 range and make $7.00 our next target. Hoping to close above $7.00 to finally have a change in trend.
Some hurdles I see, Amazon Care just went live and it is truly some heavy competition. We will see.
Some hurdles I see, Amazon Care just went live and it is truly some heavy competition. We will see.