Josh Scan for 12/5/22

by | Dec 4, 2022

CPNG- cross above 20.14 looking for it to reclaim Friday wick for a breakout, want to see above 20 basing for confirmation

PTON- nice recent push looking vs 14.36 for a push a reject vs the 200sma

XLE- looking for 89.60 to get heavy for a short play

NFLX- looking for 325.25 to get heavy for a short play, what a nice run, can continue but I am looking for a pullback, will have to see with market

ARKK- nice close above 10/20/50 moving averages, bullish for speculative players as we saw this entire week

AXSM- will look vs 73-74 for dips nice reclaim after the low volume sell off, been seeing this working a ton, volume comes in huge day 1 , day 2 sells of on about 1/5th- 10/th day 1 volume, then buyers step back in for control and trend resume

XPEV- perfect example of that going to see how Friday highs come into play for a trade, no bias yet

SOXL- if going to go higher want to see 13.50-13.60 reclaim with authority, looking at NVDA, AMD, ON as additional traders within the space

SPY- have reclaimed that 200sma so I want to see how we hold, looking vs Friday highs for potential reclaim

SNOW- i have on watch for this week looking for 155 area to reclaim for another push

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