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:
My avg position price in this Covered Call position was $8.89 after cutting a small loss earlier by exiting 1 position at -4% loss to ensure I am not overexposing myself to risk if TSLA squeeze continues higher.
Happy that my patience paid off this trade when I held this position through the TSLA squeeze towards $460 during market opening.
Exited my position to secure a nice profit when TSLA was trading around $446~ earlier after it rejected off $460 price level.
Yes, I could've held the position longer as TSLA's downside momentum continued after going below $445, but its good to not be greedy in this market condition.
Trade safe, Tiger friends![Onlooker]
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 5.00 1Lot(s) | +43.70% Closed |
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