$HIMS | Allocation | Market Exec |

13 agoTechnical Confluences:
- Price action is near the 50% Fibo retracement area
- Price action have bounced off the 200 MA (Red) and has a valid Resistance Trendline with an Interest Zone nearby
- Stochastics is inn Oversold conditions in the Daily & Weekly timeframes
- Elliot Wave 4 seems to be completing at the 50% Fibo line and aim for the 100% Fibo Extension line @ 29.51

Fundamental Confluences:
- Telemedicine with US being a focus market is great as healthcare issues seems to be increasing; demographics start to shift right
- The main health markets that they target are issues that many in the society prefer to remain anonymous about and telemedicine solves that for them
- One negative would be the high expenses they are spending on A&P budgets, a drag but overtime, we can see the impact of what they have been pushing all these while


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Putting HIMS as part of my medical/health category of my portfolio.

Will start my first allocation now and look at adding more into it if price moves into 50% - 61% Fibo range (Interest Zone).

Remember, DYOR.
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If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.

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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.