$HIMS sitting at a critical juncture here. Bullish pennant forming with psychological support at $27.00. This is a classic continuation setup—consolidation after a strong move typically resolves in the direction of the prior trend.
The $27 level matters because round numbers create natural support zones where buyers step in. If we see a reversal off this level with volume confirmation, the pennant breakout could target previous highs.
Watch for: volume spike on the bounce, holding above $27 on daily close, and whether the pennant resolves upward within the next few sessions. If support fails, next level is likely mid-$25s.
Technicals look constructive if the setup plays out. But remember—patterns work until they don't. Risk management matters more than any single chart formation.
The $27 level matters because round numbers create natural support zones where buyers step in. If we see a reversal off this level with volume confirmation, the pennant breakout could target previous highs.
Watch for: volume spike on the bounce, holding above $27 on daily close, and whether the pennant resolves upward within the next few sessions. If support fails, next level is likely mid-$25s.
Technicals look constructive if the setup plays out. But remember—patterns work until they don't. Risk management matters more than any single chart formation.
