Support / Resistance ๐๐:
Support: $422?, $414.5, $402
Resistance: $425, $430, $438.2
Outlook ๐:
Market overall seems to have some weakness when market opens. TSLA managed to hold $422, thus seems like we are heading in for more short term upside. If TSLA manage to break and hold $430, we should be able to see more short term upside towards $438.2. Else, if TSLA rejects at $430, then watch for short term downside towards support level at $422 again.
Target ๐ฏ:
Entered this Cash Secured Put position when TSLA broke below $422, and was trading around $420 price level.
Target to exit this trade at 15-20% profit, or if TSLA isees trading near $430 price level. Stop-loss at same % range, or if TSLA break below $414.5.
Trade safe, Tiger friends!
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 5.10 1Lot(s) | -- Closed |
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- DouglasMalanยท02-04Spot on analysis! Keep tracking those levels, mate. Best of luck with the trade! [ๅพๆ]LikeReport