The Long Investor

$HIMS

Added 2025-03-31 11:34:23 +0000 UTC

PM has opened deep red this morning as it was announced from the WSJ that Trump intends to be more aggressive with Tariffs planned this Weds and naturally the market hates this further uncertainty and just about all positions are red apart from some safe havens that are flat or slightly green.

The 0.618 Fib is under pressure now and we can see that the price has come down to the 0.65 Fib in the PM.

The confluence level here is on the blue support line and the 200 Day MA at $25.40

$25.40 was a very important resistance/support level in 2024 and when this level flipped to support it allowed the share price to run up to $72, so a retest and hold on this level is something that is possible next, the 200 Day MA is at this level now too to offer support.

Above this range I have no concerns with, below this level and members will get worried but remember, fundamentals have not changed and the technicals become more undervalued below this level, so under no circumstances am I selling out of my position for $HIMS

I am holding, this is my strategy and I am happy with it, I will add again when support is confirmed.