I think that 
HIMS has an upside potential considering there are clear positive divergences in RSI and MACD. These have also been highlighted at various instances in the past where the price rocketed upwards after giving divergences in RSI and MACD; the price, at that point, either consolidated or gave a rough double bottom. Furthermore, the shrinking volumes add some fuel to fire.
I think that the upside potential is up to $47 which I have calculated by using an AVWAP (anchored at its all-time high). This also sort of makes this a mean-reversion trade.
So, fingers crossed! Hope to see it up now; otherwise, it'll probably fall to $25 which happens to be an extreme low given after making the all-time high.
HIMS has an upside potential considering there are clear positive divergences in RSI and MACD. These have also been highlighted at various instances in the past where the price rocketed upwards after giving divergences in RSI and MACD; the price, at that point, either consolidated or gave a rough double bottom. Furthermore, the shrinking volumes add some fuel to fire.I think that the upside potential is up to $47 which I have calculated by using an AVWAP (anchored at its all-time high). This also sort of makes this a mean-reversion trade.
So, fingers crossed! Hope to see it up now; otherwise, it'll probably fall to $25 which happens to be an extreme low given after making the all-time high.
Note
Update: 12th Jan, 2025 - MondaySo, this has not turned out in our favour. The catalyst, in my view, was the basis of this failure. Losing business is a fundamental change after all which also affects the technicals. If
NVO had not gone to 
AMZN and had stuck with HIMS, things would have been different. I took a position at 34.15 but quit after it tanked last Friday. The possibility of taking a long will now either present at $25 or after considerable consolidations/base formations.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.