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05-17

$Direxion Daily TSLA Bull 2X Shares(TSLL)$  

$Tesla Motors(TSLA)$  

TSLA traded within a tight range of $345–$350 today, showing strong support at $345, but ultimately failed to break above $350 by market close.

Took the opportunity to make another round of intraday profits on $TSLL using CBA @Tiger_CashBoostAccount  :

Entered: 2,566 shares at avg $15.09 (when TSLA was ~$345)

Exited: 80% of position at $15.42 as TSLA pushed up to ~$349 right before the closing bell

Remaining 20% held in reserve, queued to sell at $15.70 if TSLA somehow managed to break thru $350 overnight.

TSLA Technical Levels to Watch:

Support: $345 (Thursday's intraday high), $337 (key level tested multiple times this week), and $320

Resistance: $350 (major level to clear), followed by $360–$361

Key Intraday Level:

For further upside, TSLA needs to break and hold above $350. If it gets rejected again, we could see a pullback to $345.

Happy to lock in profits done with intraday trading for TSLA today.

Trade safe and have a great weekend, Tiger friends! [Allin]  

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