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.
Else if TSLA manage to break and hold $429, then would expect some short term upside towards $435.
Entered this Covered Call position when TSLA trading around $429.
Target đ¯:
As shared in previous post, not planning to hold this position too long because I am just scalping to secure some profits off the resistance level.
Exiting this Covered Call position at 15% profit when TSLA slightly rejected from $429 back towards $425 price. Happy that the trade turned well as my target was met, and small profit was secured within 15mins of trade.
Trade safe, Tiger friends! [Allin]
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