HIMS: More Upside IMO but let's Review All Scenarios

Bullish Scenario

• If HIMS continues higher, we may see a shallow pullback first, possibly around 46.75, which lines up with one of my key levels and the uptrend line drawn from late April.
  
• A slightly deeper dip into the 10EMA would also be a healthy reset.
  
• From there, a move back through last week’s high and a continuation up along the uptrend line would confirm strength and keep this breakout intact.
  
• If momentum holds, I’m watching for a move toward 65, which sits just below the all-time high. This area could act as resistance, gearing up to establish a new ATH.
  
• If we get a new ATH, I’d could see the momentum gain to the upside from the excitement, then an immediate period of digestion, either sideways or a decline as buyers take profits.
  

Neutral Scenario

• A sideways range around the current zone would be healthy digestion after the recent run.
  
• This could look like price holding between the retest levels (roughly 52–56), bouncing in a tight range as momentum resets.
  
• In this case, I’d watch for signs of strength on dips and whether volume dries up during consolidation.
  

Bearish Scenario

• If HIMS breaks below 46.75, it could open the door for more downside, especially if sellers step in and follow through.
  
• That level is still above the EMAs, so the structure wouldn’t shift significantly unless price dips below the 10EMA and 20EMA.
  
• If that happens, I’d watch the 38 zone as the next key support, a previous base where price could stabilize or build a new setup. Below that, it could decline further around 33, where the first uptrend line and gap up was established (which also lines up with the 50SMA).