HIMS - distribution at play?

Oct 3

Controversial idea, I know. But this really looks like a distribution at play here, and its nearing its end. HIMS is showing very ugly PA anyway, so this stock to me is kind of a toss of the coin anyway.

Oct 3

Trade active

Lot's of red flags here on the weekly to. I am not going near this thing, way to volatile. So this is just an idea, not a trade I'm taking.

Oct 3

Note

Oct 5

Note

Dropped quite hard already, which was to be expected with RSI rolling over.
Let's see how PA unfold from here going forward, because it is currently in a very interesting area. Buyers need to step in here if they want to save it from a bigger retrace.