Hims & Hers Health: sell signal under pressure as confirmation week closes bullish

Hims & Hers Health is at week 3 of a sell signal, but the confirmation week closed bullish: the picture does not confirm the decline and discipline points to exiting a short position already open. New entries remain not recommended — the stock is 6% above the 200-week moving average — and on the daily chart a strong double bottom is forming in the 23 area with a 12% rebound underway. A case to close, not to open.