$HIMS has found some resistance at $61 level now and hit this level again today and has pulled back, there is no rejection here just yet but $61 is the 2.618 Fib, which is certainly an extended fib for a Wave 3.
As it stands, the 0.38 Fib for a potential Wave 4 is at $45 right now, so this level and the 1.618 Fib at $50 would be an area of interest for us
It will be interesting to see if this pull back can happen before earnings next Monday after the close, this would be the ideal scenario, pulling back to $45 and holding here and reporting a blockbuster report and then we are into Wave 5.
For me, my intention is to add at $45 once I see support.
Sofiane
2025-02-19 08:27:11 +0000 UTCMugiwara
2025-02-18 20:44:11 +0000 UTC