Long

HIMS 20SMA Trend Contiuation PULLBACK SETUP

– Momentum Reload at 20 SMA After Massive Run
has been one of the hottest stocks in the market, and it’s giving us a textbook trend continuation pullback setup — right into the sweet spot.

🔹 Pullback to the 20 SMA
• After a huge run, finally gave us a controlled pullback to the 20 SMA, where it based for multiple days.
• Today, it remounted the 9 EMA — a key trigger in my swing strategy for momentum re-entry.

🔹 Why This Setup Works
• Momentum names don’t stay down long — this was just a reset.
• Even with the market shaky today, closed strong — up 8% while the rest of the tape faded.
• This setup is all about getting back into strength with low risk.

My Trade Plan:
1️⃣ Entry: Took a position on today’s remount of the 9 EMA.
2️⃣ Stop: Just under the 20 SMA — tight, well-defined risk.
3️⃣ Target: First target is a move back into the previous highs — if it breaks, we trail for continuation.

🧠 This is my bread-and-butter swing entry — clean, controlled, and full of momentum potential.

kunal00

📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com

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kunal00

📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com

Also on: