Support / Resistance đđ:
Support: $348-351, $337, $328-330, $318
Resistance: $348-$351, $364, $374
Outlook đ:
TSLA opened above $337 today.
If TSLA is able to hold above $337, we may be heading in for more short term upside towards $348-351. If TSLA manage to break and hold $348-351, we should be able to see more short term upside towards $364.
Else, if TSLA rejects at $348-$351, then watch for short term downside towards support level at $337 again. If TSLA also rejects below $337, then watch for $328-$330 support level.
Target đ¯:
Opened this Cash Secured Put position earlier when TSLA was trading around $344 price range. Anticipating that TSLA is able to hold $337 price range level, else will watch for the next support level at $330 and determine if I want to hold the position longer or roll the Cash Secured Put positio .
Target to exit at 20-50% profit from this Cash Secured Put position.
Trade safe, Tiger friends! [666]
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