$Direxion Daily TSLA Bull 2X Shares(TSLL)$ $Tesla Motors(TSLA)$
Made this trade using Cash Boost Account (CBA) @Tiger_CashBoostAccount @TigerStars @CashBoost @Tiger_Contra
Support / Resistance ππ:
Support: $449-$455, $440, $435
Resistance: $463-$465, $474, $483
Outlook π:
TSLA opened below $474, and got rejected at $463, thus foresee more downside momentum towards $449-$455. If TSLA fails to hold $453, we may see more downside movement. If TSLA is able to hold $453, then watch if its able to break $463-$465 or if it will be another rejection level again.
Target π―:
Entered these TSLL positions when TSLA was trading around $454 price level. Since TSLA is already opened below $465 when market opened on Wednesday, was expecting more short term downside movement for TSLA towards $449-$453.
Target to exit these TSLL positions if I see TSLA is able to hold $453 price level which should rebound back to $463-465. Stop-loss if TSLA breaks below $449-$453. Will watch the premarket closely.
Trade safe, Tiger friends! [Allin]
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