Support / Resistance ๐๐:
Support: $440, $435, $429
Resistance: $449-$455, $465, $470
Outlook ๐:
TSLA got rejected at $449-$455 yesterday towards $435. Today even in pre-market, TSLA seems to have held $435 pretty well, thus am targeting this area to find a good support.
If TSLA is able to break and hold $440, we may seem more upside momentum back to $449-$455. Else look for some small rejection around this area.
Target ๐ฏ:
Entered my Cash Secured Put position when TSLA traded around $442~ earlier.
Target to exit this position at 10-20% profit, or $100 profit, or if TSLA hits the next resistance level around $449. Stop-loss at same % range.
*note not to follow my stoploss as I have bigger risk appetite.
Sized down on my entry positions and shorten my trade duration as this week will have many economic news, dont want to get caught up with a sudden major reversal due to economic news/events.
Take note FED might potentially be announcing rates this Wed.
Trade safe, Tiger Friends! [666]
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 7.65 1Lot(s) | -- Closed |
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- AthenaVeblenยท12-10Solid entry point, mate. GL with the CSP play! [666]1Report