Josh Scan for 5/24/2021

by | May 23, 2021

Semi Conductors

NVDA- nice move on the stock split, if its going to continue looking for 10/20 ma to keep rising and ideally 610 reclaim

AMAT- no mans land for me until 132-33 reclaim

SOXL= pretty choppy here after reclaim 200/150 ma, overall not loving the semiconductor space until things tighten up and are basing 10/20 day moving avgs

BTC- tons of weakness across the board lots of selling so far on rallies in BTC related stocks,

RIOT- the chart is pretty broken but if we can have a few days of basing above 200day and a bitcoin move up, possible push to the 150day, mostly an avoid for now

MARA- same deal, so far probably a short on pops with target being the 200sma around 18

MSTR- with BTC, risk would be off the 200day right now for a long, but think we need a little more time before trade is there

GBTC- see how trends along the 200sma

ETHE- ideally washes out to 100ma for a nice buy oppoertunity

ACTUAL GOOD SETUPS STOCKS THAT ARE OUTPERFORMING vs MArket

UPST- what a move, 6 straight days of upside and 50% behind it, it is extending far beyond 10 and 20 day moving averages but I am interested in dips on 135-40 you have to give yourself room here, but I do think a stock that has a great chance of making new all time highs

RBLX- i am holding some overnight- dips on 80 to add more to my position

PATH- heating up, IPOS in general are getting hot, dips on 79 for continuation

BTNX- want to see 10-/20da MA maintained and think we push to aths, strong name

OTLY- new issue watching for contnuation

BGFV- nice flag setup here, risk on 27-27.50 for a move to aths, earnings winner

FNKO- needs some time i think but will be monitoring higher lows for continuation

SNSE- huge move will look for short vs 13.50-14 for fade setup, if we start basing over 15, trade short idea is nullified

PANW- big earnings guidance crush, this is definitely something I look for companies anticipating growth indicating things at the core aree great, dips on 356 for a long play

 

 

 

 

 

 

 

 

 

1 Comment

  1. Thanks Josh..nice list

    Reply

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