Support / Resistance đđ:
Support: $387, $380, $373
Resistance: $394-396, $402, $414.5
Outlook đ:
TSLA didnt managed to hold above $394-396, thus foresee a short term downside today. If TSLA manage to break and hold $394-396, we should be able to see more short term relief towards $402. Else, if TSLA rejects below $394-396, then watch for even short term downside towards next support level at $387 then $380.
Target đ¯:
Entered this Covered Call position when TSLA was trading at around $394-396 yesterday, with the objective to watch if TSLA will reject at around this rejection level.
Targeting 5-20% to exit this position, else will exit position if TSLA hits the next support level at $387. Stop loss at same % level
*take note not to follow my stop-loss % as my risk appetite is higher.
Trade safe, Tiger friends! [Allin]
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