The company His health and that of him (HIM) there was a good thing to do. The multi-specialty telehealth platform has made it easy for people to access pills that treat symptoms such as erectile dysfunction and male pattern baldness. It offered an alternative to traditional medical care, providing a less expensive solution to a product in high demand. On the face of it, it’s a wonderful idea and a great company that has generated revenue growth forecasts of 68% for this year and 40% for next year.

The business model was so good that it attracted the attention of the Internet giant. Amazon (AMZN). Amazon’s One Medical telehealth service is adding a new option that will put it in direct competition with Hims & Hers. This caused HIMS to fall more than $30 to a low of $19.15 last Friday. Two days of rallying took the stock above $23, trying to reach Thursday’s gap high at $25.45.

Moving averages: Bartosiak starts by looking at moving averages for stocks, such as the 50-day and 200-day moving averages. It highlights the importance of crossovers and divergences between these averages, which can indicate potential trend changes.

Support and resistance levels: Bartosiak identifies the main support and resistance levels on the chart. These levels act as barriers that the stock price must cross or maintain above, providing traders with critical decision points.

Chart templates: It discusses chart patterns such as head and shoulders, cup and handle or flags, and their suitability for predicting future price movements. These patterns can offer valuable insight into potential bullish or bearish trends.

Volume analysis: It highlights the importance of volume analysis to confirm price developments. An increase in trading volume during a breakout or breakdown can validate the significance of a price movement.

Dave Bartosiak’s technical analysis approach adds depth to our understanding of the Hims & Her stock chart. By paying attention to moving averages, support and resistance levels, chart patterns, technical indicators and volume, it provides investors with a comprehensive toolkit to make informed decisions in the stock market. Remember that while technical analysis is a valuable tool, it is important to consider other factors such as fundamental analysis and market sentiment before making investment choices.

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