Trade Call on HIMS Earnings Setup

3 months ago

"Then I went into him on on trend spider. I said, you know what? Is this a good trade? Well, 4hour algorithm has you out. 4hour algorithm doesn't beat buy and hold. It wins only 37% of the time. So for me, I would have to find some other reason to buy this. And I've said in within this space, if we pull this uh this this volume uh slider back to where it hit that 25 level, nobody's holding down here at 25. If you go below 43, you've got a whole bunch of a space down here to where people aren't necessarily holding. The MACD way down below the oscillator by two points. The last time we saw this, the stock moved from 48 to 69. The RSI, it's in oversold territory at 35 going into earnings. It's an interesting one. Now, I don't consider this an investment. I consider this one a trade, but you can see even on the weekly, the MACD pulled back. The RSI pulled uh is down at 45. So, go and check out Hams on earnings hub. You know, again, what what are they expected? They're expected 10 cents per share. What did they report last night? 17 cents per share. So, it's lowered expectations. The biggest thing with HIMS that I will tell you is the fact that there is a huge short interest on this."

The speaker provides a detailed technical analysis of HIMS, noting that despite it not being a long-term investment, its oversold RSI, MACD pullback, and significant short interest make it an attractive short-term trade opportunity around earnings.

Related Stocks