Support / Resistance đđ:
Support: $387, $380, $375, $367
Resistance: $394-$396, $402, $408 (?)
Outlook đ:
TSLA stayed above $387 during today's market session, thus may be able to see more short term upside movement towards $394-396. If TSLA managed to break and hold $394-396, we may see more short term upside towards $402. Else if TSLA rejects $394-396, watch for support back at $387. Else if TSLA breaks below $387, then watch for downside movement towards next support level at $380.
Target đ¯:
Sold this Cash Secured Put position today when TSLA was trading around $387 price range. Target to exit this Cash Secured Put position at 5-20% profit, but held position longer than expected just to see if TSLA is able to break and hold $394-396.
Will see how this Cash Secured Put swing trade goes.
Invest safe, Tiger friends! [Allin]
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