The Long Investor

$HIMS

Added 2025-05-15 10:25:44 +0000 UTC

Few concerns with the market in the PM right now, so let's look at the most popular position in our group and on X right now.

Price has filled the Gap up to $64 and has run aggressively but in an impulse count.

It has been fast and sharp and we have been on watch for Subwave 5 to complete as the price action approaches the 2.618 Fib at $68.

We need to be open to the fact that Subwave 5 can be complete here and we did trim at $61 during the week.

I have added the ABC count now and adjusted the fib support levels on this assumption that Subwave 5 is complete.

I have no issue holding my position during the pull back and plan to add once again at Subwave C which can go as low as $44-$39 for a standard pull back.

Everyone should be open to this happening next too.

This also aligns with the curve of Cup formation and can move higher next after completing Subwave C.

Any bounces here can be welcomed but we are deep in Subwave 5 for me.