Support / Resistance ๐๐:
Support: $474, $465, $449-$455
Resistance: $483, $488, ATH
Outlook ๐:
Major sell-off after hitting ATH yesterday. Back to $465 price level within intraday yesterday.
Today, $465 support seems to held off well and we regained back $474 support level. If $474 can hold today, we may see some upside momentum towards $483. Else watch $474 for potential rejection again.
Target ๐ฏ:
Saw the opportunity to enter a quick Cash Secured Put position since it broke many support levels and we see TSLA at $465 in no time.
Entered this Cash Secured Put position when TSLA is trading around $465~, with the view that TSLA may potentially bounce back up around this level.
Tarrget to exit position at 15-30% profit, or $100 profit, or when TSLA is back to $483 resistance level. May even hold position till expiry, but it depends on markets sentiment.
Road to recovery from Tuesday's loss.
Trade safe, Tiger friends! [666]
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 7.90 1Lot(s) | -- Closed |
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