Josh Scan 12/4/23

by | Dec 3, 2023

QQQ- still very much in uptrend here, serious move in November and bouncing off the 10day ema on Friday just under 388

ENPH- solars catching a bid, will look weak open trend join type of trade vs 103

SEDG- same thing here looking vs 80.30-81.30

UBER- SP500 add strong uptrend would look to join early or in coming days , quickly approaching all time highs , institutional ownership has only grown into this add

AFRM- 7 days straight up off that black friday buy now pay later boost, whole sector went , UPST , PYPL etc etc, looking on a weekly basis for a 40-41 push to get short or a first red day setup

 

PYPL- will be looking dips here vs 58-58.50 building nicely

 

TSLA- been a laggard on this recent move up, there was a build into the cybertruck event but so far its been faded, want to see how 241-243 area reacts this week for a failed setup on the short side, confirm below 232 for real downside

NVDA- if it can’t get back over 478 10ema would look shortside , maybe stock is just taking a break will see more this week , sub 461 could get a move to 453 to 100 sma , monitoring

SMCI- want to see how the offering is absorbed using Friday lows as a guide , if semiconductors fall i think this is susceptible to some downside

DKNG- trend join long vs 38 flagging again

PLTR -like long vs 19.50 area setting up well

RIOT- as I type this bitcoin is up nicely this weekend, maybe a blowoff move for a short play

MARA- same type of setup blowoff and watch for first red day

COIN- the strongest in the group

IOT- new all time Friday on the earnings breakout looking for more follow through this week after little pullback

ESTC – earnings breakout added to list and monitoring

2 Comments

  1. Josh, ty nice to see QQQ and agree; will watch to trade TQQQ, ty

    Reply
  2. Thank you Josh.

    Reply

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