Josh Scan For 6/2/23

by | Jun 1, 2023

GSIT- this company is not fundamentally sound, in this market as you have seen within UPST/  / AI, momentum on a short term basis is all that matters, Ideally weak open vs 6.80s for a a day of continuation on the longside, stock hasn’t had much volume since the initial huge push, today day 1 of new cycle and looking to see how it trades off flushes tomorrow, the bigger the volume the better, people hate this company and rightfully so, the point is for now, its not going down, until it does.

UBER- going to be watching vs 37.70s here for a long, building on otherside of its earnings base have been watching this name for awhile confirm above 39/39.20 for the next leg higher

UPST- about 6 bucks of range today, going to look post 10am trend join and see how 30-32 range is acting , high short interest name

CVNA- will be watching vs 14.40s area if we want to absorb and go higher, loan upgrades +large july call buying today in tandem with high short interest got this name firing, not a chase for me but not something i am afraid to join if people get nervous about staying short into the weekend

TSLA- building nicely above the 200 sma , see action vs 205 tomorrow giving it time off the open

ASAN- will see if this gets momentum post open

ZM- watching vs 67 area for a long

AVGO- looking vs 785 for potential short here

MDB- huge earnings beat, doubt there will be a play here tomorrow but something to watch for days to come

v

 

 

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