Josh Scan for 2/20/24

by | Feb 19, 2024

AMD – will be watching with semis in general see if it can lose 173.29 , I expect this to move with NVDA earnings later in the week but for now if we can get some follow through weakness wouldn’t be surprised  to see 166-167 in the cards

SMCI- am looking fora pop 840-860s for a potential short for a 774 10day test , this can bounce further than I think or you think and you need to give yourself room on the name period if you are trading the stock , the stock right now is averaging 69 pts intraday range so having stop out points of 1-3 is literally a rounding error on a 1- 5min bar

SOUN- piece of crap yep , still watching this week if we base out 3.80-4s could be a couple days of selling off followed by b/o , massive massive volume day last weak

SOXL- i want to see if we start to drift down to 37.40-36 area this will help any short semi exposure for the trade if it works, what I don’t want to see is this breaking out again and going 40-42 etc

AVGO- watching with SOXL

QCOM same thing

COIN- watching how this builds post earnings, offered up a great opportunity off the open on Friday

CELH- back in trend in full ideally couple days of pullback and consolidate but this has an aths look and rightfully so as it dominates the beverage market

NVDA- earnings report Wednesday the 21st, gonna affect a lot not just semis but the qqq in general , expecting 70-100 pts of a move either way lets see what we get

CRSP- this daily had been building for awhile , broke out now need some time /couple days to see how next leg sets up

PLTR- ideally tests the 10day at 23.28 and builds for next leg within this AI trend

ARM- explosive name still watching this has offered some insane long trades past couple weeks, lockup March 12th I believe expiration ill be looking dips 120-123 this week if trend/market are in tact

 

 

 

 

 

 

 

 

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