Saad Ullah
⬤ Hims & Hers Health is trapped in a textbook bearish setup on the weekly chart, and the selling pressure isn't easing up. Every time the stock tries to bounce back into the red EMA cloud, sellers step in and push it right back down to fresh lows. This weakness has been the story ever since the previous rally faded, and right now, the bears are clearly in control.
⬤ That red EMA cloud has turned into a brick wall for any recovery attempts. The stock keeps testing it, fails to break through, and then rolls over again. There's no momentum building on the upside—just quick pops that get sold off before they can turn into anything meaningful. It's classic bearish action where lower highs keep piling up and buyers can't get any real traction.
⬤ All eyes are now on the $30–$31 support zone. The stock's testing this level right now, and it's shaping up to be a critical inflection point. If buyers can actually hold the line here, we might see some stabilization. But if this support cracks, the next stop could be down near $25—a much deeper drop that would confirm the bearish trend is still running strong.
⬤ This matters beyond just one stock. When consumer health and digital wellness names start sliding like this, it can drag down sentiment across the whole sector. Whether HIMS finds its footing at $30 or keeps sinking will set the tone for near-term volatility. The next few sessions around this support zone will tell us if the decline is finally losing steam or if bears still have the upper hand.
Saad Ullah
