Josh Scan 5/26/23

by | May 25, 2023

ULTA- e/r negative action so far, going to watch vs this 200sma at 453 on the short side

WDAY- will look for an ORB setup here right space

PANW- will watch vs 204-205 for continuation aths up at 213s could be there quickly

AMD- after the morning flush not much of an opportunity on the short side looking to see 119.30 get heavier for any type of backside move, ideally push to 123-125 and fade off no rush on the frontside short on this trade

PLTR- held will vs 12.50s will look to join trend post 945am

AI- want to see it firm up over 30s for a long, today was straight fade off open from premarket highs in 32s

 

2 Comments

  1. Nice, I haven’t see ORB abbreviation often – Opening Range Breakout, thanks for sharing

    Reply
  2. good stuff, love your scans ty

    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Your email address will not be published.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