Dave Barnhart maps trade setups for SLV and HIMS using dark-pool prints and moving averages. SLV targets $81-$83 if it breaks above $74.50, or $69-$70 if it falls below $73.50. HIMS faces a recent negative catalyst with bullish targets at $22.59 and bearish targets at $12.50.
Chapters
Good morning, traders. It's Monday, February ninth at four forty a.m. All right, two stocks I've got for you today. We've got silver and we've got hymns. So silver been on a tear for a bit. Let's get us over here to our monthly prints. Let's see. Well, let's review this last month's worth of prints, and we can see there was this big sell-off. They're adding to their position. Big sell-off wound up calling this one out on Twitter. This three million here right when this happened, and then we've pulled all the way back down to the fifty simple moving average tangled in these sort of prints. Then later last week, what's this two three four point six million shares here consolidated, and it looks like silver is trying to rally a little bit. Let's see if we can get up here to the seventy seven thirty seven and into the eighties. We'll see about that, but. Either way, if they're going to sell into strength, if we close below 68, then we can come down here to 57, it looks like. So anyway, let's map this out on the intraday. We're going to be bullish above 74.50, target 75, 76, 77— sorry, 76.27 is our 3. Then we've got 77.34 is this 1 million share trade. It's also the retracement to this 8 Exponential moving average, so be careful on that one on the higher time frame. Then we've got 78, 79, 65. Then we've got 80, 64, 81, and here's 2.5 million sitting right there, so this can be hefty resistance on that. And then we've got 83, 04, which is R5. On the downside, we're going to be bearish below 73, 50. Let's have this come down here a little bit. Target 73, 72.88, 72.05, 71.54, 71.12. You can see what we're doing here. That's back to the 50 simple moving average. Then we've got 70.81, 70.50. So this is pretty much down to the post-market level that's there. Then we've got, uh, 69.88, 69.57, and 69.50. And so right here, this I've stopped here. We've got my 200 simple, 200 exponential, double pivot cam, and a massive print here at 1.3 million shares. So we'll see what's going on with that one. So the next one up was Hims. Bad news bears for Hims, and we can see that. So look at this in the last month. Here, like, so the prints always come before the news, and apparently— I'm not sure what it is, but, um, something about not being able to provide some sort of medication or something like that. So look at this, January 12th here, we have these large print consolidation here, and but it's just going down and consolidating here. So if we look here around the $32 level, 400 And 10,748,464. So you've got all of this. The 4 and the 8 exponential moving average are running together on the downside. And so even on the higher time frame, up it open, pull back, we're still below the 4 exponential moving average here. And then this one came up, tagged a print. So we had this new print here, 541K. This one came up. It looked a little bit positive for a second tag the 15 exponential moving average, but also this 1 million, and so it pulled back off of that. And then here we broke down harder with increasing volume here, and we're below the print. And then so we came back. We moved down more prints. It looks like they're continuing to sell. So we're actually down. $3 today on a $23 stock, which is now $20. So let's go ahead and map this out. We're going to be bullish above $20.50. Let's get back up above here for that. And, uh, to go long, then we're going to be looking at $21, $21.55, $21.65. And this is getting up to my peanut butter and jelly, like I mentioned before. 22, 22.33, 22.56, 22.59. And this one here is the person's pivot, and it's also the cam. So this is a double— this is a double one right here. So if we wind up pushing back up, I've got this as the stop. It gets a little tight on the way up. If this then becomes support, then there's another room. There's more room on the upside. Okay, so on the downside, let's see what we've got here. We're going to be bearish below 1950. Let's get below here, this level. So we've pulled back, there's a little bit of a recent higher high, higher low, and this is resistance here. If we can turn down below 1950, we'll go 1920, which is this low. The 1918, 1759 is S3. You can see how the downside is much easier. $17, $16, $15.09, S4, and then we've got then $12.50. Yeah, $14, $13, $12.59 on that. All right, so there you have it. Those are your 2 trade setups for today. Now what I've done is I've started a weekly Dark Pool newsletter Which gives you a whole bunch of trade setups as well. We do some deep dives into the education on trading dark pools. So the first one went out this Sunday, so please click the link in the description below, and if you sign up, I'll send you this week's newsletter that just went out on Sunday. All right, happy trading everyone, and we'll see you later this afternoon with our results video. Take care.
