HIMS: Showing Signs of Exhaustion: Downside Targets at 42 and 33

HIMS: Showing Signs of Exhaustion: Downside Targets at 42 and 33

HIMS appears to be forming a rising wedge pattern, a typically bearish formation that often signals exhaustion of upward momentum.

After several failed attempts to break higher, the price has now started to pull back, suggesting that sellers are regaining control.

A possible correction near to 52.30 can happen before it moves down further

HIMS could continue falling toward its first target at 42.00

A deeper correction could then extend toward the second target around 33.00, completing the bearish move.

You may find more details in the chart!
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