Looks like HIMS started its corrective wave pull back. The MACD is about to cross the signal to finish wave B, it most likely will close the gap above. Then I expect it to pull back to around the .5 & .618 fib around $40-45 range where I also there is confluence with the AVWAP from the April 7 pivot around $45. I plan to add in this range before the next leg up.
Sitting above IPO anchored VWAP and Daily/Weekly key moving averages (50,200) and is currently in an uptrend if we can get a weekly close above the previous resistance zone at 27.12 it is looking pretty bullish. If we break the $27.12 the next target would be 30.80 where previous weekly rejections. If close above the next target is 1.618 fib of $38.31
Falling Wedge combined with declining volume is usually a good reversal indicator. Once we get some better volume and break the upper trend line I would probably wait until we get a base or some better price action. It was highly overbought since the peak on NOV 8th via the RSI momentum indicator - Id like to see the indicator flip so we'd need some volume to show...
