HIMS retraced to .50 FIB MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price dipped negative of channel (period 52 39 & 26)
Price at 0.5 Fibonacci level
In at $18.96
Target is $20 or channel top
Stop loss is $18
HIMS trade ideas
The Secret Of The 3 Step System..I made a mistake by recommending buying Apple stock
its was so quick that it showed up on my screener
and then disappeared.
In order to fight this error I have
decided to only scan for stocks after the market close.
The trap is called a bull trap.
Because it happened during trading hours
My Big Bull Trap Mistake
This mistake is so painful because
I was so confident in my ability to trading
the capital markets.
I felt like I let my followers down.
this is why I always say trading is risky you
will lose money as soon as I noticed this mistake I
cut my losses quickly just like Tim Sykes
usually says to do.
Now look at this chart NYSE:HIMS
below you will see the RSI indicator.
This indicator will help you measure whether
the price of stock is cheap or expensive.
Are you Good At Risk Management?
When you start trading risk management is very much
important for you to master and understand.
Am not perfect with my trades.
But I will try to show you the
best technical analysis tools I use.
But there is one last step that you have to master.
Its called crowd psychology.
Having technical analysis tools is not enough.
this is why you have to invest in a newsletter
or research service that supports your
trading journey.This research that you will
engage with will help you with understanding
crowd psychology and risk management tactics.
The good news is there are a lot of trading experts that
are willing to share their knowledge with
you for a monthly or yearly fee.
You just need to increase your interest.
How To Develop A Trading Strategy
Developing a trading strategy as well
takes time. Yesterday I felt so discouraged
because I chose the path of studying the
capital markets.No one teaches about the
capital markets in school.
And so I felt like I was just wasting my time.
But deep down I believe the capital markets
are a form of production.
That we need in an economy.
In order to master technical analysis
I developed a strategy called
The rocker booster strategy
And it has 3 steps:
Step#1 - The price has to be above the 50 MA
Step#2 - The price has to be above the 200 MA
Step#3 - The price should gap up in an uptrend
if you follow these steps you will learn
trend analysis, technical analysis and
uptrends. If you don't then you can always learn more
Remember to rocket boost this content to learn more.
Disclaimer: Trading is risky you will lose money whether you like it or not
please learn risk management and profit-taking strategies
$HIMS - I don't really have strong opinionNYSE:HIMS ER is next week. So it really is a coin flip. But if we take ER out of the equation and purely from a technical perspective, I think it could pull back below $17 at a minimum.
No position. Just helping someone.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
HIMS Short Trade Review #Noentry
NYSE:HIMS
Industry: Online Pharmacy & Telehealth Provider
Revenue: Expansion Phase
Competitor: NTRA
Is this a Bear Market for Hims ora Short term correction?
This trade unravelled faster than I could ask the word ”when”.
Looking for further downside if any to reverse trade back to previous highs. While the S&P 500 seems to be stalling being careful with any long ideas and trade setups.
Pattern Setup: Head and shoulder
possibly one more push down for himsThe GLP1 breakout happened in the 12.60-13 area, all the news that moves HIMS is mostly GLP1 related. It would make sense for this area to be tested. With all that said, i'm still long, and will be very happy if this handle formation breaks to the upside and HIMS begins to take out these red horizontals. IF the green horizontals get tested i will wait for support to be found and treat it as a buying opportunity.
Hims demand zoneHims approaches the weekly demand zone on an outsized selloff. I believe this is way overboard here, the company makes money, and GLP is only about 5% of their revenue, they made money long before this. This demand zone would be a huge long term value entry for the stock. A wick past the 50 EMA would likely at least tap into this zone, albeit briefly.
-I have been buying since 16$, I would love a snag at 13.15$
-Short-term bearish, medium and long term bullish
Him pivot (bullish)Hims is finally in an unrealistic zone, I have started to sell CSP between 14-16$ here to enter a position. You will note a tap of the 50 week EMA which serves as bullish momentum support. I updated the fibs and we have a severely bottomed stochastic RSI. This should be around the pivot zone. Remember most of these setups are on weekly charts so this will not be perfect. Regardless after fundamental analysis I am comfortable with buying here as well.
-I expect 18-20$ this month whether its a wick or not
-This volatility is very beneficial for people who sell options
-I do have 17$ calls alongside my sold cash-secured puts
$HIMS - Can it hang on to that trendline?NYSE:HIMS This is it, folks. It’s a make-or-break moment for Hims. It’s right on the trendline. Compound drugs are on borrowed time. I never understood the bull thesis on this company.
Growth means little when the drug policy that allows for that growth is at risk. 👀
As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you.
$HIMS - On it's last supportNYSE:HIMS I posted on July 20 that HIMS was losing momentum significantly and could drop to the $15–$14 area. Guess where it is now? It's currently trading around $15—a 22% drop from when I posted.
Right now, HIMS is sitting on its last support level. If this support fails and the trendline breaks, $12 is a possibility.
I’ve never understood HIMS's popularity among investors. To me, it always seemed like it was on borrowed time, just one or two litigations away from completely crashing down. But hey, I'm just an uninformed trader who missed that 100% epic run because of those fears, so don't mind me.
As always, I share what I think and what I do. I'm not suggesting anyone follow my trades. You do you.
$HIMS | Allocation | Market Exec |Technical Confluences:
- Price action is near the 50% Fibo retracement area
- Price action have bounced off the 200 MA (Red) and has a valid Resistance Trendline with an Interest Zone nearby
- Stochastics is inn Oversold conditions in the Daily & Weekly timeframes
- Elliot Wave 4 seems to be completing at the 50% Fibo line and aim for the 100% Fibo Extension line @ 29.51
Fundamental Confluences:
- Telemedicine with US being a focus market is great as healthcare issues seems to be increasing; demographics start to shift right
- The main health markets that they target are issues that many in the society prefer to remain anonymous about and telemedicine solves that for them
- One negative would be the high expenses they are spending on A&P budgets, a drag but overtime, we can see the impact of what they have been pushing all these while
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Putting NYSE:HIMS as part of my medical/health category of my portfolio.
Will start my first allocation now and look at adding more into it if price moves into 50% - 61% Fibo range (Interest Zone).
Remember, DYOR.
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Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
Another move up in the making for HIMS?NYSE:HIMS is working out a corrective move down on the Daily. As long as price is above the Daily Demand Zone, there is a HL Indication with the most likely scenario (70% of the cases) another strong or weak move up.
Scenario is cancelled if the price closes below the Daily Demand Zone, then the situation must be reassessed.
BUY HIMS 07-23-2024 Tuesday07-23-2024 Tuesday
Buy
HIMS 49 shares
Previous Close 20.34
BUY 20.22
SELL 23.92
ASK 3.70
BUSINESS WIRE)--Hims & Hers Health, Inc. ("Hims & Hers", NYSE: HIMS), the leading health and wellness platform, today announced the appointment of Kåre Schultz to the company’s Board of Directors.