The Long Investor
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$HIMS
🕑 Added 2025-05-22 10:14:40 +0000 UTCWe are finally getting the pull back we have anticipated and this is something I am happy about
I was getting concerned that $HIMS was running too hot and I did not want to see a new ATH before a pull back because this I believe would have weakened the structure
Any news articles out right now about $HIMS is likely just an excuse to allow market makers to bring the share price down in an ABC pull back
We should take advantage of them and use them to get the pull back we need in order to add again and strengthen the structure.....I do not recommend fighting them.
The PM price is just at the 1.618 Fib again at $54, there was a test of this level on the 15th of May, I believe a lower low will come in and my target is the Wave A level on the 0.38 amber fib at $49.
There is one variable here right now and that is the white ABC count I have added, White Wave C can hold at $49 and we have a 3 wave pull back, it will be shallow but it will be valid because there will be 3 clear waves here.
So a hold at $49 could be considered a buy entry to catch Wave B or the new impulse wave starting.
Something to consider.
Ideally I would like to add at the amber Wave C at $44 or lower.
Comments
Joey Bone
i love this stock
G4Golf
Cap, a lot of ABCs seem to terminate at the bottom of Wave 4. Is this a coincidence or is there some theory to support it?
