Peter Smith
⬤ Hims & Hers Health ($HIMS) is stuck in a downtrend with the price being pushed lower by resistance from the EMA cloud. The stock is now approaching a make-or-break zone between $30 and $31, where traders are watching closely to see if buyers finally show up to defend this level.
⬤ A lot of traders have their eyes on $25 as a potential buying opportunity, but here's the thing: when everyone expects the stock to drop to a certain level, the market often doesn't cooperate. "The collective anticipation of a decline to $25 could lead the market to react before hitting this level," according to the analysis. Right now, the real question is whether the $30–$31 range will hold or break.
⬤ This week's close matters more than usual. If HIMS can finish the week above $30–$31, it shows buyers are willing to step in and defend the stock, which would be the first positive sign in a while. A clean break below this support, though, would open the door to more selling and potentially validate those bearish $25 targets.
⬤ The next few trading sessions will tell us everything we need to know about HIMS's short-term direction. Hold above support and we might see a recovery take shape. Break below it and the downtrend continues with more pain ahead.
Peter Smith
