Support / Resistance đđ:
Support: $460, $449-$455, $440
Resistance: $465, $474, $483
Outlook đ:
TSLA failed to hold $474 and market opened below $474 which was the previous support level, thus anticipating some short term downside momentum. If TSLA is able to hold $465, we may regain some upside movement. Else $465 may potentially be another rejection level.
Next level to watch is $460.
Target đ¯:
Entered this Covered Call position when TSLA trading around $467 price level, with the view that TSLA is already trading below $474, expecting short term downside movement towards $465 or $460.
Target to exit this Covered Call position at 15-30% profit, or $100 profit (with stop-loss at same % or $ level), or when TSLA approach near $465 or $460.
Overall market seems to be weak too thus I have some confidence that this Options scalp position will play out.
Trade safe, Tiger friends! [666]
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