Support / Resistance đđ:
Support: $348-351, $337, $328-330, $318
Resistance: $348-$351, $357-358, $364, $374
Outlook đ:
TSLA opened around $348 today.
If TSLA is able to hold $348-351, then we may see short term upside towards $357-358. If TSLA manage to break and hold $357-358, we should be able to see more short term upside towards $364.
Else, if TSLA rejects at $357-358, 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 đ¯:
Entered this Cash Secured Put position when TSLA was trading around $351 level.
Target to exit at 10-20% profit, or if TSLA rebound back to around $364. Stop-loss around the same % range.
Will review again to see when I want to exit the position as September tends to be a red month.
Trade safe, Tiger friends! [Allin]
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