Josh Ideas For 6/3/24

by | Jun 2, 2024

First and foremost I am not a financial advisor, this information is for educational and informational purposes only.

Earnings Pivots 

BIRK –  will be watching for a new base to form vs 52-54 for a long play, beat earnings with increasing global demand, 20% short interest and not heavily owned by the street

DKS- will be watching this for another move higher this week beat earnings and raised guidance

ANF- will probably take some time will be watching vs the 10day at 160

Semiconductors: 

DELL – ideally get a move to short 147-150 post earnings gap down

NVDA- ill be monitoring effective split Friday the 7th going to use 1138-1140 as a level over under with market weakness or strength

AMD- looked like it was gonna give during the morning session but was heavily bought back up with rebalancing MSCI on Friday, this needs time keeping on back burner

GCT- will look short vs 32 weaker name

ALAB- looking for shorts into 69 declining moving average

SMCI – will be looking vs 830 /850 this week for a short if market stays weak

Other

HOOD- will be looking for base to form here 19.50-20.30 ideally some tightening and range contraction this week

HIMS – gonna see if base building vs this 17.80 level and a move back through prior pivots highs 21.50s

VST- going to look vs 102-103.50 for a short play to the 20 day ema at 94

FSLR- break  above 280s again will look for the long might take some time to digest the most recent 40% + move in 4 days

 

 

 

 

 

 

 

 

 

 

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