Support / Resistance ๐๐:
Support: $440, $435, $429
Resistance: $449-$455, $460, $465
Outlook ๐:
TSLA rose sharply when market opened probably due to SpaceX news dropping. However huge resistance was seen at $460~ level where we saw TSLA got aggressively rejected at this level.
If TSLA is able to break above $460 then we may see some upside price movement. Else watch for rejection at same level back to either $449-455, then $440.
Target ๐ฏ:
Entered this Covered Call position when TSLA is trading around $448~, with the view that TSLA may potentially back down around $449-$455. But TSLA had significant strength and pushed the price towards $460.
Will hold and add 1 more position to make my avg buy in price higher as there is a divergence between overall market and TSLA price movement.
Target to exit position at 15-30% profit. Else will stop-loss if TSLA breaks above $460 and hold.
Trade safe, Tiger friends![Heart]
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 7.20 1Lot(s) | -- Closed |
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- AdairHoratioยท12-13TOPHolding tight here too [็ๆถจ] Divergence play makes sense with this SpaceX volatility1Report