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05-13

$Tradr 2X Short TSLA Daily ETF(TSLQ)$  $Tesla Motors(TSLA)$  

Saw another opportunity to trade TSLA, playing the downside of TSLA using CBA (Cash Boost Account) @Tiger_CashBoostAccount  

TSLA broke $298 and $306 level yesterday, thus we saw huge upside push on TSLA. Next level of resistance is $320.

Saw the opportunity to play the downside of TSLA when it hit $320, entered TSLQ ($20.87) when TSLA around $318-$319, waiting for the rejection to happen around this level which it kinda did during yesterday's intraday session.

TSLA rejected $320 towards $316-$316.2 but refused to reject further thus I held this position over intraday yesterday. Today, TSLA finally managed to retrace back to $314-$315 where I managed to exit my TSLQ position (at $21.38). Could have held alittle longer, but its okay I am satisfied with the small profit.

TSLA need to break above $320 for more upside continuation, otherwise watch for support at $306 or $310. 

Trade safe Tiger friends!

Modified in.05-13
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Comments

  • Tiger_CashBoostAccount
    05-14
    Tiger_CashBoostAccount
    Congratulations on your succeed trades. Your portfolio is looking fantastic! Keep up the excellent work with your value and swing trading strategies. Trade with Tiger Cash Boost Account and use contra trading to enhance your strategies.💹💰Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
    Other helpful links:
  • T20211222001
    05-14
    T20211222001
    Nice profit 👍
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