Josh Scan for 2/12/24

by | Feb 11, 2024

CAVA- serious build here on this June IPO, would look for a couple days of sideways action then a trend join into the earnings on Feb 27th

ARM- will be looking at how trend holds for potential long vs 108-109 this week might need a couple days to tighten up but great range in the name post e/r release

SMCI – not guessing top but will be looking  this week for a first red day setup, the ATR right now is 41 pts – average range of intraday trading so there is so much range on here right now, smarter trade would be to let this stock prove that it has some sellers vs trying to just short pushes

NVDA- same thing ideally outsized ATR move for a short setup sometime this or next week

AMD- looking for 170-167 to get heavy for a potential short play

TSLA- ideal push into 199 for a short setup this week into that declining 20day moving average

TSM- if semis continue the melt up would be looking for potential 130-128 risk guide for a long play here quickly closing in on all time highs and they make the chip parts so feels like right space

 

AVGO- monitoring with other semis

UBER- not a chase would wait to see next test of moving averages

QQQ- will look to see how we hold above 10/20 ema this week 428.81/423.40 to see whether long/ short bias

 

ALT- shittier co in obesity space will look to see if 11-12 builds this week holding pretty well for now in a pretty tight range

 

 

 

 

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