Josh Scan For 5/30/23

by | May 29, 2023

AMD- Ideally a gap up in the morning, looking vs 132.80 for a fade back, focus on these semi names is not being early with size and getting chopped up so that when we do turn whether its Tuesday or Wednesday or whenever, you are there for the fade in full, starters fine, let it confirm and then scale when right when that opening range breaks down ,

AI- lot of heavy option activity, could be a big blowoff day especially high higher RVOL coming in and all eyes on the AI space, would look to join a long in the morning vs 31.50 then later if we start to get heavier on volume sub vwap would happily flip my bias lets see

TSLA- Neuralink FDA approval for Human studies over the weekend i am interested in how it rejects or reclaims the 200sma at 200.22

ZM- monitoring vs 65 for a long here , also would like to see volume pick up if we can follow through to the upside

TWLO- a comp to ZM in what I am looking for, earnings miss, everyone calls it trash then reclaim on the upside and get people twisted on the shortside

NET – did the same thing, people have been interested in buying tech weakness

RIOT- consolidating on the daily i would look vs 11.50 for a short and then to see 10.50/10 breakdown for some conviction

COIN- looking for short vs 59

CXAI- am monitoring just in case volume/picks up over the 200sma at 9.14, crap company within the space but has the float if people rotate into low float momentum again, the thing to note so far is that the rotation has been into large cap momentum, no reason for that to change until it changes

AVGO- monitoring for fade this week there is no resistance so have to be monitoring levels on this name, huge extension from the moving averages like many semis

SOXL- there are so many semis going that i would rather just focus SOXL amd , keeping it simple and levels on two names. Here I am looking vs 24.80-25.60 for a fade back this week

 

 

 

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