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06-30 12:58

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

Made this trade using CBA (Cash Boost Account) @Tiger_Contra  @TigerStars  @CashBoost  @Tiger_CashBoostAccount  

Support / Resistance 📈📉:

Support: $408 (?), $402, $394-396, $387, $380

Resistance: $408 (?), $414.5, $420 / $422 (?), $430

Outlook 📝:

TSLA opened above $387 yesterday, and went on a heck of a ride breaking through all the resistance levels at $394-396, $402 and $408 (?).

If TSLA is also able to reclaim and hold above $414.5, we may be heading in for more short term upside towards $422 (?). If TSLA manage to break and hold $422 (?), we should be able to see more short term upside towards $430.

Else, if TSLA rejects at $414.5, then watch for short term downside towards support level at $408 (?) again. If TSLA also rejects below $408 (?), then watch for $402 support level, then $394-397.

Target 🎯:

Entered these TSLL positions when TSLA was trading back at $363-385 level the past few days. Exited half of my TSLL positions when TSLA traded near $408 yesterday.

As I have hit the T + 2 days for CBA, will have to exit all the remaining TSLL positions today. Will hold my positions till then.

Happy with the profits secured thus far.

Trade safe, Tiger friends! [Allin]     

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Comments

  • AthenaVeblen
    06-30 16:32
    AthenaVeblen
    Nice trim at 408 — that 363-385 entry was clean. You dumping the rest right at open or waiting to see if 414.5 holds?
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