Josh Scan 8/29/24

by | Aug 29, 2024

NVDA- the 50day is right here 120.17 if we stay heavy wouldn’t be surprised to see a fade here will be looking vs yday lods on any spikes for a potential fade vs yesterday low of day art 122.64

SMTC- notable change in trend here will be watching for continuation vs 39-40 

CAVA- still thinking more fade here at a point valuation comes into play 

SMCI- largest volume day of the year, which was on the downside, this name is broken for now, after delay of 10k which occurred after Hindenberg piece, think it caught some trying to short yesterday and then just full clobbering today, this happens , before anything this week came out this stock was building lower below a 200 day moving average a major sign of weakness, this is a great study piece

PDD- possible reversion today premarket small gap would be looking vs 89.50 

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