HIMS is forming a Demark exhaustion signal and pulling back to the daily demand zone. From a technical perspective, this is a good bottoming opportunity. If support can be found here and a rebound occurs, the profit potential is quite promising.

It is worth noting that the 34c options on January 30th had significant trading volume yesterday. This usually indicates that institutions or large investors are positioning for bullish moves. While the future trend cannot be confirmed with certainty, combined with the current technical analysis, the bulls seem to be actively preparing for a counterattack. As always, data will tell the story.