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$HIMS: New Long
Quick notes on getting into a new $HIMS short-term trade this week.
Dan Bustamante
July 22, 2025
Triggering Into a Trade You’re Tracking.
If you’re reading this and expecting me to give you a fundamental valuation on $HIMS ( ▲ 4.79% ) or explain some in-depth analysis on it then you can click away. I don’t care about the valuation or the Company, at all - I am trading it however and have been doing that since sub $6 a share when we put it in the best stock report you’ve ever read.
I am not a day-trader and most of what I do is buy good companies so I don’t care about timing it that well but when I do trade short-term flow (which is part of this report) then I have to care. As such, this short-post is about using “technical triggers” via price action to execute on an idea you’re watching.
Triggering Into an Idea
$HIMS ( ▲ 4.79% ) is on the report and if you go to the notes it says that if +$51 clears that it triggers the long but what I did today was use what’s called an outside day reversal to get me into this idea.
The prior day high and low matter for levels also known as PHLOD. Whenever you break down on the range it’s bearish order-flow and if you believe the theory that markets are an auction then this matters.
On the inverse, when price breaks above PHOD then fails to hold it, meaning it comes back into the range then that’s a bearish outside day reversal.
Today $HIMS ( ▲ 4.79% ) had a bullish outside day reversal.
Break of the range, trap and reverse is powerful. When it does this and goes like this that’s strong. When it does this and stalls thats weak so there is a nuanced difference.
There are a lot of triggers but this concept of PHOD/PLOD is key esp. when I am trading short-term idea flows because I can actually get in at the start of a move whether that is short, or long so I am just going to keep it simple and break this down with the position in my book that I put on today and then explain where I think it’s headed.
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