Support / Resistance 📈📉:
Support: $348-351, $337, $328-330, $318
Resistance: $348-$351, $364, $374
Outlook 📝:
TSLA opened above $348 today.
Seems like TSLA is holding $48-351, thus we may be heading in for more short term upside towards $364. If TSLA manage to break and hold $364, we should be able to see more short term upside towards $374.
Else, if TSLA rejects at $364, then watch for support back at $348-$351. If it breaks below $348-351, then watch for even more short term downside towards support level at $337 again. If TSLA also rejects below $337, then watch for $328-$330 support level.
Target 🎯:
Opened this Cash Secured Put position earlier when TSLA was trading around $344 price range. Anticipating that TSLA is able to hold $337 price range level, else will watch for the next support level at $330.
As shared, target to exit at 20-50% profit from this Cash Secured Put position where my target profit was hit, thus exiting this position to cash in the profits.
Happy with profits secured from this options swing trade.
Trade safe, Tiger friends! [Allin]
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