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The Long Investor - $HIMS - TOP 10 -
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The Long Investor - $ETH - TOP 10 -
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I am a little surprised to see $HIMS still in this wedge after all the macro influences at play now but support levels are doing their job, bulls are buying the dip and consolidation has continued since June
The 200 Day MA has also aligned with the wedge support level at $27 and this support has been tested multiple times since the start of September and has consistently held
I believe the weak sentiment is stopping any position behaving like an outlier right now but as we said last month, if the price continues to consolidate sideways through the market weakness then I will be very happy with that outcome
Holding in the wedge protects the share price and when the storm is over, $HIMS should be clear to move higher as expected.
I am a little surprised to see $HIMS still in this wedge after all the macro influences at play now but support levels are doing their job, bulls are buying the dip and consolidation has continued since June
The 200 Day MA has also aligned with the wedge support level at $27 and this support has been tested multiple times since the start of September and has consistently held
I believe the weak sentiment is stopping any position behaving like an outlier right now but as we said last month, if the price continues to consolidate sideways through the market weakness then I will be very happy with that outcome
Holding in the wedge protects the share price and when the storm is over, $HIMS should be clear to move higher as expected.
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