Good morning, everyone.
I made a lot of content over the weekend, but I didn’t get a chance to make a video on this specific ticker, and I wanted to bring it to your attention as soon as possible because I just started buying it this morning.
Hims & Hers Health, Inc. HIMS 0.00%↑
For those who don’t know, this is the telehealth company known for mail-order prescriptions—hair loss, erectile dysfunction, and now they are making a big splash in the weight loss space with GLP-1s.
The Setup: The 60% Discount into the Monthly leg end.
We are currently sitting 60% off the all-time highs.
I’m not going to get deep into the financials today—you guys can do your own homework on the balance sheet. I am looking at this strictly from a charting perspective, and right now, it looks fantastic.
We have pulled back into a massive monthly leg that started right around $29.71. This level was gained during the previous rally and has never been tested until now. In my process, an untested monthly leg like this represents a high-quality, high-probability area for a bounce.
