Jul. 3 at 2:34 PM
$HIMS (monthly) This is starting to show a very constructive long-term structure.
The reversal from the
$14 area was strong, and price has not meaningfully looked back since. That kind of sustained momentum usually signals that buyers have taken full control of the higher timeframe trend.
More importantly, we’ve now broken above a major resistance zone, which has flipped into a support area between roughly
$28–
$32 (blue zone). That flip is critical it turns previous supply into demand.
From a monthly perspective, as long as this support zone continues to hold and defend, the broader path toward
$70 remains technically open.
Today, there are a few more hated names where we're showing the same conviction
And I think history could repeat itself
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