Support / Resistance đđ:
Support: $425, $422?, $411-414
Resistance: $429, $435
Outlook đ:
TSLA seems to be facing some resistance at $429 where it rejected a couple of times from last week and today, as such was expecting it to still slightly reject at this level back to around $425 price level, or if really market is weak then $422.
Entered this Covered Call position when TSLA trading around $429.
Target đ¯:
Not planning to hold this position too long bbecause I am just scalping to secure some profits off the resistance level. Aiming to exit this position at 15-20% profit, or if TSLA reject back towards $425 price.
Else will stop-loss at around same % range, or if TSLA turned bullished and hit $435 price level.
Trade safe, Tiger friends! [666]
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