$HIMS (Long)

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$HIMS (Long)Hims & Hers Health, Inc. Class ABATS:HIMSKashiwhaleHIMS seemed to be going through price discovery after finishing its gap up and having a bit of retracement since then. On Tuesday, March 31, volume ended higher than recent average daily volume at about 35 million. Even more exciting is that the next Wednesday and Thursday we had retracement with absorption at end of day Friday. A sign of institutional involvement. Price rose end of day Friday to make a low hammer with top wick. This is exciting because that support line we started with that big buy volume on Tuesday was defended before market close Thursday. This potentially means that whoever stepped in with size Tuesday may be currently defending their average position. I'll be looking for bullish continuation from here and if this support line holds I'm a buyer around that $18.60 range. None of this is financial advice. This is solely my opinion reading structure and volume.