$HIMS is showing a distinct curve as it searches to confirm its bottom now above the 0.618 Fib, this is a typical sign that sellers are starting to dry up as the price action reaches a standard support level.
I believe once the price action can consolidate nicely as shown along the bottom of this curve then the natural progression would be to the upside again.
$HIMS also had a very nice cup and handle formation in 2024 under the $25 level, and when it completed and broke out, it ran then to $72, so I would be happy to see this complete again.
slappindabass
2025-03-21 22:46:44 +0000 UTC