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HIMS Post-Earnings Update-- Opportunity Knocks?: Monday morning, ahead of Earnings, this was my final comment about the technical setup heading into the after-market report:HIMS also reports Earnings after today's close. The fact that it is going into Earnings below its 7/30/26 prior significant low of 24.24 is a very negative position that warns us that HIMS had better knock the cover off the ball in a blemish-free report and conference call to avert 20-21-- the next important support plateau from where a meaningful upside reversal and sustainable rally might emerge.
The private market paved the path. Now the public completes the fifth wave.Picture a wall of ants pushed up against a reduced opening, just waiting for a crease to open. Everyone is an ant, part of the crowd, whether they recognize it or not.Last month, I proposed that Anthropic’s (ANT) private funding rounds had already traced the first four waves of an Elliott Wave structure, leaving the fifth for the public to complete. Now we have the amended S-1. The offering range is set at $70 to $78 per share.
Today, the market moved slightly lower, but the overall market action remains quite messy, and we still do not have a clean five-wave move in either direction. The lack of a clear five-wave move to the downside is putting a bit more weight on the green count, but the less-than-ideal five-wave move off of the 11/6 low is still far from ideal.
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