$HIMS
Added 2024-12-27 12:22:04 +0000 UTCThe strong price action yesterday managed to stop the 50 and 200 MA's crossing on the 1hr chart, this is not as significant as a death cross on the daily chart but nevertheless, nice work by the bulls.....we wanted to see a breakout of the 50 and 200 MA's yesterday and I mentioned a number of times that I just needed to see a hold above this MA and I would be happy, that is what we go.
Clearly the price finished the day exactly on the MA's, which is a common sight and I am happy to see, a retest of a breakout level as we know, is always welcomed and is actually a bullish signal once it holds.
So today, we want to see strength, we don't want parabolic moves, we just want this level converted to support
Price may drop below depending on the market but regaining this level again is no problem for me and something we see a lot, so patience as always
We were at $24 8 days ago, so very impressive bounce so far, a pull back is always expected after a strong bounce.
