HIMS · 4H — Symmetrical Triangle Breakout Targeting $55 → $60

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.