HIMS - Bulls Finding Demand to climb 120+ LevelsHIMS strongly suggests the stock is currently in the final phase of a large decline before initiating a major upward move. According to Elliott Wave principles, the stock is completing a correction labeled as wave (4), which has formed a "Flat" pattern.
The final downward leg of this pattern, wave (C), is projected to conclude around the prior wave (A) low of $23.97 , or potentially slightly below this level. Once the price reaches and holds support near the $24 area, the analysis anticipates the start of a new, highly significant bullish impulse wave (5), which is expected to drive the price to 57, 95, and 120+ levels.
Stay Tuned!
@Money_Dictators
