Support / Resistance ๐๐:
Support: $422 (?), $414.5, $402
Resistance: $425, $430, $435
Outlook ๐:
TSLA opened above $414.5 when the market opened earlier, and broke above $422 shortly after. We may be heading in for more short term upside towards $430 if this level manage to hold today. If TSLA manage to breakhold $430, we should be able to see more short term upside towards $435. Else, if TSLA rejects at $430, then watch for short term downside towards support level at $422 again. If TSLA also rejects below $422, then watch for $414.5 support level.
Target ๐ฏ:
Entered this Covered Call position earlier when TSLA was nearing $429.
As shared, target to exit at 10-25% profit and will not hold this position for long. Exitting this position at 21% profit and I am done for the day.
Satisfied with the profits secured from this intraday option trading. Happy weekend everyone!
Trade safe, Tiger friends! [Allin]
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 6.10 1Lot(s) | +21.63% Closed |
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- EdwardHughesยท05-08Nice 21% scalp lol. That 430 reject is the real tell, you seeing momentum hold into close?1Report
- LEESIMONยท05-09๐ฉทGood1Report