Setup Breakdown
HIMS is forming a symmetrical triangle consolidation, with price tightening between rising support and descending resistance.
The structure follows a previous impulsive move, suggesting this is likely a bullish continuation pattern.
Volume is contracting — typical for pre-breakout setups — and price is holding above a key short-term rising trendline.
A breakout above $52–53 could initiate a fast move into the next resistance band.
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🎯 Target Zone
🎯 Target Level Reason
Target-1 $55.50 (38.2% Fib) Volume gap fill + first resistance from prior consolidation range. A clean spot for partial profits.
Target-2 $60.00 (50% Fib) Strong historical resistance + Fibonacci confluence. Ideal level to take the rest of the position or trail a runner.
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🛠️ Trade Plan (Example)
Component Action
Trigger Long on a confirmed breakout above $52 with volume ≥ 20-SMA
Entry Add-on Pullback retest of broken triangle resistance ($52) acting as new support
Stop-loss Close < $49.50 — invalidates the triangle
TP-1 $55.50 — take 50–70% off, move stop to breakeven
TP-2 $60.00 — exit or leave a small runner in case of further breakout
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⚠️ Risk Notes
Earnings date approaching – trade may need to be closed or hedged before volatility spikes.
Break below $49.50 invalidates the pattern and opens risk to $46 or lower.
Watch for volume confirmation — fakeouts can occur if breakout lacks momentum.
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✅ Checklist
[x] Triangle structure with strong trendline support
[x] Low-volume zone between $53–60 favors fast expansion
[x] Targets align with Fib + volume profile
[x] Risk clearly defined
[x] Earnings awareness in place
> Disclaimer: This is not financial advice. Trade your own plan and manage risk appropriately.
HIMS is forming a symmetrical triangle consolidation, with price tightening between rising support and descending resistance.
The structure follows a previous impulsive move, suggesting this is likely a bullish continuation pattern.
Volume is contracting — typical for pre-breakout setups — and price is holding above a key short-term rising trendline.
A breakout above $52–53 could initiate a fast move into the next resistance band.
---
🎯 Target Zone
🎯 Target Level Reason
Target-1 $55.50 (38.2% Fib) Volume gap fill + first resistance from prior consolidation range. A clean spot for partial profits.
Target-2 $60.00 (50% Fib) Strong historical resistance + Fibonacci confluence. Ideal level to take the rest of the position or trail a runner.
---
🛠️ Trade Plan (Example)
Component Action
Trigger Long on a confirmed breakout above $52 with volume ≥ 20-SMA
Entry Add-on Pullback retest of broken triangle resistance ($52) acting as new support
Stop-loss Close < $49.50 — invalidates the triangle
TP-1 $55.50 — take 50–70% off, move stop to breakeven
TP-2 $60.00 — exit or leave a small runner in case of further breakout
---
⚠️ Risk Notes
Earnings date approaching – trade may need to be closed or hedged before volatility spikes.
Break below $49.50 invalidates the pattern and opens risk to $46 or lower.
Watch for volume confirmation — fakeouts can occur if breakout lacks momentum.
---
✅ Checklist
[x] Triangle structure with strong trendline support
[x] Low-volume zone between $53–60 favors fast expansion
[x] Targets align with Fib + volume profile
[x] Risk clearly defined
[x] Earnings awareness in place
> Disclaimer: This is not financial advice. Trade your own plan and manage risk appropriately.
VM
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.