$HIMS - On it's last support

18 באוג׳ 2024

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.