📈🔥
🔍 Stock: HIMS (NYSE)
⏳ Timeframe: 30-Min Chart
📈 Setup Type: Bullish Breakout
📍 Trade Plan:
✅ Entry: $34.10 (Breakout Confirmation)
❌ Stop-Loss (SL): $32.46 (Below key support level for risk management)
🎯 Target 1: $35.06 (First Resistance Level)
🚀 Target 2: $36.57 (Major Resistance Level – Moon Shot! 🌙)
🔹 Risk-Reward Ratio: Favorable Setup 📊
🔹 Momentum: Strong bullish move with breakout confirmation 📈
🔹 Pattern: Ascending wedge breakout with retest
🔥 Trade Strategy & Refinements:
📊 Volume Confirmation: Ensure strong buying volume to sustain breakout.
📉 Trailing Stop Strategy: If price reaches $35.06, consider adjusting SL to breakeven ($34.10) or higher.
💰 Partial Profit Booking: Secure gains at Target 1 and let the rest ride towards Target 2.
⚠️ Watch for Fakeouts: If price struggles to hold above $34.10, exit early.
🚀 Final Thoughts:
✅ High Risk-Reward Ratio – Favoring bulls.
✅ Strong Uptrend & Momentum – Ideal for continuation trades.
✅ Breakout Retest Success – Price action is confirming the move.
Plan Your Trade & Trade Your Plan! 🏆💰
Let me know if you need a more detailed breakdown! 🚀📈
🔍 Stock: HIMS (NYSE)
⏳ Timeframe: 30-Min Chart
📈 Setup Type: Bullish Breakout
📍 Trade Plan:
✅ Entry: $34.10 (Breakout Confirmation)
❌ Stop-Loss (SL): $32.46 (Below key support level for risk management)
🎯 Target 1: $35.06 (First Resistance Level)
🚀 Target 2: $36.57 (Major Resistance Level – Moon Shot! 🌙)
🔹 Risk-Reward Ratio: Favorable Setup 📊
🔹 Momentum: Strong bullish move with breakout confirmation 📈
🔹 Pattern: Ascending wedge breakout with retest
🔥 Trade Strategy & Refinements:
📊 Volume Confirmation: Ensure strong buying volume to sustain breakout.
📉 Trailing Stop Strategy: If price reaches $35.06, consider adjusting SL to breakeven ($34.10) or higher.
💰 Partial Profit Booking: Secure gains at Target 1 and let the rest ride towards Target 2.
⚠️ Watch for Fakeouts: If price struggles to hold above $34.10, exit early.
🚀 Final Thoughts:
✅ High Risk-Reward Ratio – Favoring bulls.
✅ Strong Uptrend & Momentum – Ideal for continuation trades.
✅ Breakout Retest Success – Price action is confirming the move.
Plan Your Trade & Trade Your Plan! 🏆💰
Let me know if you need a more detailed breakdown! 🚀📈
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.