Support / Resistance ๐๐:
Support: $387, $380, $373
Resistance: $394-396, $402, $414.5
Outlook ๐:
TSLA rejected at $394-396~ when market opened today, 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.
We saw TSLA did the exact move mentioned above earlier.
Target ๐ฏ:
Entered this Cash Secured Put position when TSLA was trading at around $383-384, with the objective to watch if TSLA will is able to hold above $380 support level.
I felt like I entered at right place & time, thus may target to exit position at around 50-60% profit, else market suddenly decides to reverse, will hold position till expiry. Stop-at around same % level, else will target to exit if TSLA breaks below $380.
There are still alot of uncertainties in the market, so keep your positions short and small for traders, and keep investing for investors.
Trade safe, Tiger friends! [Allin]
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 7.90 1Lot(s) | +52.54% Holding |
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