HIMS trade ideas
Another Buying Opportunity on $HIMS! 60% UpsideNYSE:HIMS 💊
We are only half way through the week and this is me telling you that THIS IS ANOTHER BUYING OPPORTUNITY!
I said the same thing when we had the Short Attack and flush to $19.
What you don't realize is that the Wr% at the top of the chart ran up into the barrier of the Williams Consolidation Box and now needs to create it's support and bounce in order to form the BOX. I still believe that's $30 (meaning we wick back above it before weeks end). Whether we do or don't doesn't really matter in the longer term (weeks/months).
The downside on the Wr% is limited as well due to the rising trendline (Arrow) we are on since September. If we fall to that I strongly believe we get a bounce off of it, thus creating the box there or where we currently are at.
The reason this is a buying opportunity and shouldn't matter to the majority of you is because IMO it will be at $40+ before EOY! Do what you want but I'm cashing in on my Covered Call Premium and Buying more!
Not Financial Advice.
Bullish Roll Up, It’s Just The Start!
- Bullish Financials: Q3 showed a 77% YoY revenue growth and over 1000% increase in net profit, signaling robust financial health.
- Product Expansion: New categories are driving up order rates and revenue per user, potentially increasing the stock's valuation.
- Customer Engagement: High personalization rates suggest strong customer loyalty, likely reducing churn and supporting higher stock prices.
- Balance Sheet Strength: No debt and a 70%+ increase in cash on hand offer a solid foundation for future growth or acquisitions, a positive for traders.
- Brand Power: Recognized as a trusted health brand, potentially leading to a premium in stock pricing due to brand equity.
- Unit Economics: Improving LTV/CAC ratios with new categories, akin to top SaaS companies, indicating sustainable growth and profitability.
- Market Sentiment: Despite some volatility, there's optimism for continued growth, particularly in niche markets like ED and hair loss treatments, which could support a bullish outlook on the stock.
Technical Insight:
- Monitor for breakouts above recent resistance levels, potentially driven by continued operational success and market expansion.
- Watch for volume spikes on positive news or earnings beats as indicators of strong buying interest.
- Keep an eye on short interest; any squeeze could lead to rapid price appreciation.
Risks to Consider:
- Regulatory changes affecting compounded drugs.
- Market competition from giants like Amazon in telehealth.
Overall, the technical setup for HIMS might lean bullish if these fundamental strengths continue to be reflected in market performance.
HIMS Bullish Morning VolumeOver the last five days, HIMS has shown consistent high trading volume in the morning sessions, often accompanied by bullish momentum and large green candlesticks, indicating strong buying interest likely driven by premarket news or institutional activity. This bullish sentiment has repeatedly pushed the price higher during early trading hours, but resistance around $36 has capped further upward movement, causing reversals or consolidation in the afternoon. The chart also highlights key indicators like liquidity grabs (red zones) and trend catchers, which suggest institutional interest and strong upward trends during these periods. However, today’s sharp drop to $31.59 suggests a potential bearish reversal, with profit-taking or increased selling pressure following days of upward momentum. To capitalize on these trends, traders should focus on high-volume morning sessions for breakout opportunities while being cautious of resistance levels and reversal zones later in the day.
HIMS:Potential HNS Pattern / HTF Double top Pattern NYSE:HIMS Analysis and Key Levels
Greetings Everyone,
After an impressive 400% rally from its October 2023 lows, HIMS is now showing potential signs of weakness.
Currently, the stock is trading below a key resistance/pivot zone (marked by the orange box) between $23.47 and $25.34. While this level was previously broken, the move was quickly faded, indicating bearish pressure.
Recent Volatility
Over the past two weeks, HIMS has exhibited increasing volatility, with sharp 10%+ sell-offs followed by quick recoveries. Trading volume has also surged during this period, with notable activity on both the bullish and bearish sides.
Key Levels to Watch
• Orange Zone ($23.47–$25.34): This remains the primary area to monitor for potential short entries. If the stock breaks above this range but quickly reverses, this would signal a possible shorting opportunity, with $16.54 (neckline) as the initial target.
• Support at $16.54: A breakdown below this level could indicate further downside.
Head-and-Shoulders Pattern in Formation?
There’s a possibility of a head-and-shoulders pattern forming, with the following structure:
• Left Shoulder (iii)
• Head = peak at (V)
• right shoulder = tight rope near (v)
If this pattern completes, it would favor a bearish outlook for the stock, increasing the probability of a downside move.
Bullish Case
For the bulls, the critical level to watch is $30. As long as the stock stays above this level and maintains support, the market sentiment would remain in favor of HIMS moving higher.
Summary
In the near term, the orange resistance zone will serve as a key battleground between bulls and bears. Keep an eye on price action and volume in this area for trade setups. A sustained move above $30 could signal further upside, while a breakdown below $22 would point to bearish continuation.
Best,
C Lemard
My HIGHFIVESETUP Indicator in action on HIMS. Massive gains!My HIGHFIVESETUP Indicator in action on $HIMS. Massive gains!
Check out my HIGH-FIVE SETUP trading strategy indicator in action on NYSE:HIMS stock over the last two years!
Over 200% gains based on a $10k starting account.
- $10k into $31.5k+
- Almost a 90% accuracy based on the buys and sells.
- Almost 100% accuracy when we only buy off charting pattern breakouts and retests.
As most of my followers know, I've already been using my personal HIGHFIVESETUP trading strategy, and it's been very successful. So, to work smarter, not harder, I decided to create an indicator and trading strategy with my HIGHFIVESETUP to make my charts less cluttered and focus on fewer items.
I'm still backtesting across a wide variety of stocks to prove the success of my data-backed strategy. I'm also tweaking some of the script to make sure everything is how I want it, along with the backtesting and trading side of things.
What do you think about my HIGHFIVESETUP strategy and my new indicator?
$HIMS - Still no touch for me.NYSE:HIMS Amazon is starting to sell cheap hair-loss drugs. BofA downgraded the stock from Buy to Underperform. The stock reacted with a 25% drop.
I had always been concerned about the threat from Amazon, along with legal and regulatory issues for this stock.
I don't think Amazon will stop at just selling hair-loss drugs. They might go for everything that Hims offers and more.
As for the technicals, today's drop is a huge blow to the momentum. If you are bullish on the company, I would wait for the bottoming process.
At a minimum, it could check back to the uptrend line.
See the potential drop area in the chart.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
11/14/24 - $hims - Don't overthink it. Buy ~$20.11/14/24 :: VROCKSTAR :: NYSE:HIMS
Don't overthink it. Buy ~$20.
- great traction
- cash generating
- 20 PE on my #s, 22x on consensus for 20% growth
- no major stock based comp issue
- stock highly rented (call options) by fintwit
- Walmart entering their market is MORE CONFIRMATION that they're the leader and CRUSHING it.
- so while a lot of gamma is probably coming out today b/c of the options + headline + risk off + staples/ discretionary under pressure
- don't overthink it. decent entry here, would be buyer lower, i'm 1.5% size, would add more under $20 and i'm full size back toward $15/shr (which i don't think we get unless it's market related - in which case i'm still comfortable LT)
- also a v rentable stock, so as it finds its legs again, good shares to own to sell OTM calls (but i'd not do that here!)
V
DON'T SELL HIMS UNTIL YOU WATCH THIS FIRST!DON'T SELL YOUR NYSE:HIMS SHARES UNTIL YOU WATCH THIS FIRST🛑
In this video, we will discuss:
-Why you shouldn't sell on the NASDAQ:AMZN health news
-Amazons multiple failed business adventures
-How NYSE:HIMS is still ok even if Amazon is successful
-Fundamental and Technical analysis
You will want to buy not sell after you watch this video
NFA
GLP1 shortage overHIMS is a major player in the compounded semaglutide space. It spent hundreds of millions to promote their offering in the weight loss space, making use of the shortage in Ozempic and other GLP1s in recent months. The company's offerings include semaglutide-based injections, marketed as containing the same active ingredient as popular brands like Ozempic and Wegovy, along with other weight loss options.
But there is now a big problem, the FDA has just announced the shortages are over.
What does this mean for HIMS? Only time will tell but I don’t think this rally can go on a whole lot longer. Whilst we have a lovely rounded bottom pattern I suspect some downwards pressure on the stock so I’m leaning short to mid term bearish, unless the upcoming earnings deliver blockbuster numbers and my idea will be invalidated.
The valuation is too stretched and I don’t think this news will justify the extreme optimism in this high growth stock. So I suspect a drop into the gap fill soon.
Not financial advice, do what’s best for you.
HIMS 8/17 - THE STOCK GAUNTLET CONTINUES! HIMS & HERS ⚔️🛡️ THE STOCK GAUNTLET CONTINUES!
STOCK/ TRADE SETUP UPDATE: 8/17
8⃣ HIMS - HIMS & HERS
Video Analysis below:
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NFA #TradingTips #HIGHFIVESETUP
NYSE:HIMS
NYSE:HIMS
HIMS 8/17 - THE STOCK GAUNTLET CONTINUES! HIMS & HERS ⚔️🛡️ THE STOCK GAUNTLET CONTINUES!
STOCK/ TRADE SETUP UPDATE: 8/17
8⃣ HIMS - HIMS & HERS
Video Analysis below:
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Hit the🔔as well to be notified when each video drops
NFA #TradingTips #HIGHFIVESETUP
NYSE:HIMS
NYSE:HIMS
$HIMS : YOU DON'T OWN ENOUGH OF THIS NAME HEADING INTO EARNINGS!NYSE:HIMS WHY YOU SHOULD BUY BEFORE EARNINGS.
In this video, we talk about:
1.) Why the stock is crashing
2.) Why everything on the Technicals/ Fundamentals point to a STRONG BUY.
3.) My earnings prediction & fair value
Thanks for watching! I know it was a longer video, but I always want to be thorough.
Comment below if you like this type of content or if your not a fan of videos and rather have posts.
NASDAQ:SOFI REPEAT INBOUND!
NFA
#BuyingOpportunity #BuyTheDip
$HIMS THE NEXT EXPLOSIVE RETAIL STOCK! NYSE:HIMS THE NEXT EXPLOSIVE RETAIL STOCK!
3 Reasons Why in this Video: 📹
1⃣ My "High Five Trade Setup" strategy
2⃣ Massive Cup N Handle Pattern, 88%+ measured move.
3⃣ Review my "HOMEMADE" Valuation Metric for NYSE:HIMS , showing us a fair value of $35!
Video analysis 1/5 dropping today. Stay tuned!🔔
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Not financial advice.
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$HIMS IS HIM! BRING ON EARNINGS MONDAY! BULL FLAG SUCCESSFUL RETEST ON NYSE:HIMS
We are heading into earnings Monday morning, I'm confident!
My "HIGH FIVE SETUP" is pointing to $25+ while...
My "Valuation Analyzer" is pointing to $35 Fair Value.
Been on a heater; lets see if we stay hot!
A full, in-depth video from October 30th discusses this setup, technicals, fundamentals, and valuation, which are linked to this idea. Enjoy!
What is your HIMS price prediction after earnings?
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