Josh Scan 5/19/23

by | May 18, 2023

UPST- hope some of you have taken advantage of this name been on scan since Monday and been a great trader 2-4$ daily range all week . Tomorrow I am not a chase on this name we may very well be in for a parabolic short squeeze up on higher volume , last highs 26.30 from Feb next resistance spot can easily clear it

UBER- tepper increasing stake, little impact on my trade thesis though, they have really gotten better on the earnings side of things, I am looking all dips vs 38.50-38.30 for 40+++ breakout

DKNG- looking for the otherside of its earnings call , looking vs 23-23.40s for a long play here

ON- looking for clear of 87.20-87.50s for a further push risk on 85.50s in case weak open

SMCI- lower volume thinner name this can blow people out waiting for lower highs to form on the daily / opening range lows for a potential short play would love to this speed up

WAL- want to see clear 36.60s for next leg

GOOGL – would love to see a 125.50s push for a short play

 

1 Comment

  1. Thanks Josh!

    Reply

Submit a Comment

Your email address will not be published. Required fields are marked *

Related Content

15 Trade Management Tips to Improve Your Trading

15 Trade Management Tips to Improve Your Trading

Trade management is an important part of the trading process. It's not enough to have an effective strategy - you also need to execute that strategy properly. Think of this distinction as the difference between creating a well-rounded business plan and actually...

Adapting to the Market – 8 Practical Tips for Traders

Adapting to the Market – 8 Practical Tips for Traders

The stock market is constantly changing. If you are fortunate enough to find success as a trader, you shouldn't get too comfortable. A strategy that works for days, weeks, or months is not guaranteed to work forever. Career traders who achieve long-term success...

14 Tips to Improve Your Trading Mindset

14 Tips to Improve Your Trading Mindset

Your mindset is an important part of your trading. How you think will impact how you trade. Your mindset will ultimately determine what you focus on, how well you learn, how you react to trades, and so on. Today, we are going to discuss some quick tips to help you...

The Process Behind Trading Success – Nate Michaud on SimCast

The Process Behind Trading Success – Nate Michaud on SimCast

https://www.youtube.com/watch?v=yaHEIFvHh5g Topics Discussed Long Trading vs. Short Trading (and Where Nate Makes More Money) Using a "Macro Mentality" in Trading Scaling in and Out Around a Core Being Early vs. Being Right Why Day Trade vs. Invest? Finding The Best...

13 Tips to Minimize and Prevent Trading Losses

13 Tips to Minimize and Prevent Trading Losses

How much higher would your trading profits be if your losses were cut in half? How much higher would they be if you only lost half as frequently? Most traders focus on chasing profits and forget that minimizing losses can have the same net impact on your bottom line....

Day Trading Course