$Hims & Hers Health Inc.(HIMS)$ π₯π𧨠$HIMS Is Heating Up. Bullish Breakout or Bear Trap? π§¨ππ₯
$HIMS is looking strong at these levels, and the setup is getting spicy heading into earnings!
Short interest has now ballooned to 60.7 million shares, or 33 percent of the float, marking an all time high. That is not just bearish pressure, that is high octane squeeze fuel waiting for a spark.
Technically, the chart is speaking loud and clear.
We've broken out of the TrendCloud, reclaimed a solid demand zone that has held up since late 2023, and the 200MA is curling up beneath to offer additional support.
Add to that the bullish momentum plus one of the most anticipated quarters in company history, and the bulls have the upper hand. But letβs be clear, after the last major squeeze, $HIMS plunged 67 percent, so the risk here is just as explosive as the reward.
π― Upside targets marked on the chart:
β’ $70 cash out zone
β’ $100 moonshot zone
π§ This is a textbook high short interest breakout setup, but the market loves to humble the overconfident. Stay nimble. Trade the levels. Protect capital.
Hey Tiger Traders, are you positioning for liftoff, or are we flying too close to the sun?
π’ Donβt miss out! Like, Repost and Follow me for exclusive setups, cutting edge trends, and insights that move markets ππ Iβm obsessed with hunting down the next big movers and sharing strategies that crush it. Letβs outsmart the market and stack those gains together! π
Trade like a boss! Happy trading ahead, Cheers, BC πππππ
@Tiger_comments @TigerStars @TigerWire @TigerPicks @Daily_Discussion
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$Hims & Hers Health Inc.(HIMS)$ is really flying! Another excellent article @Barcode π
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