Josh Scan for 5/25/23

by | May 25, 2023

UPST- watching weak open vs 26.65  for potential long and continued breakout

AI- currently strong premarket going to look vs 29 area, if we starting building RVOL above 32 could get stronger here

DNA- like the trend here going to keep watching vs 1.45-1.50

NVDA- 380s in pre so far last night some resistance at 389 wouldn’t be surprised to see 400+++ blowoff, really monitoring this as the leader and would rather short sympathy, going to let this trade out till about 945-10am to get some more levels in

AMD- if NVDA weakness begins I will be looking AMD push to 121-122 for a short play, keep in mind that these megacaps are trading like small caps right now, range can expand sizing is so key here to not get yourself upside down before the real move begins, there will be DAYS of trades from this, don’t need to be the hero today by putting yourself in harms way, backside, until then the trend is up

GOOGL- will watch if we build on 125 , not a chase here but if we get grind action am interested

BFRG- looking RVOL here, gonna be watching 5.30/5.40 right space potential candidate for an AI squeeze

SOXL- next spot up i have 19.30/19..40s if we blow off NVDA and fade this is another good proxy for a short play

CXAI- back WL – if any RVOL or big daily levels start to breakout on upside

SAI- back WL

GSIT- will be looking long vs 5.40s if shorts are in trouble and volume picks up watch out this has sold of on near zero volume so far could be a nice trap

 

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