Good morning traders. We are at a crucial point here on HIMS where we can see we drop range, drop again and it seems never ending. Well, even though we have been green for the last couple of days, I see another push down and will remain ranging into that area until we get a breakout.
I personally believe these are super cheap prices for HIMS, noting that they continue to crush earnings. As long as the company continues to perform how it has been since it came public we should see a major shift shortly. I have been averaging down and will continue to do so. Hope this helps and don't forget, happy trading...
I personally believe these are super cheap prices for HIMS, noting that they continue to crush earnings. As long as the company continues to perform how it has been since it came public we should see a major shift shortly. I have been averaging down and will continue to do so. Hope this helps and don't forget, happy trading...
Trade active:
Possible new range seems to be forming towards the upside. That is exactly what we want to see! Waiting now for a possible pullback, wanting to see at least one red candle on the weekly.
Will be looking to pick up more shares and wait this to hit $15 long term.
Will be looking to pick up more shares and wait this to hit $15 long term.
Trade active:
Weekly candle has closed above $5.55. Hims has now closed above previous high, POSSIBLE REVERSAL!!!!