Support / Resistance ๐๐:
Support: $422?, $411-414
Resistance: $425, $429, $435, $440
Outlook ๐:
TSLA broke above $429 and even $435 price level earlier before harshly rejected at around $435 when overall market dipped slightly, and now we are back below $425.
If TSLA manage to break and hold $425, then we should be able to revert back to upside towards $429 then back to $435. Else, if TSLA rejects at $425, then watch for short term downside towards support level at $422.
Target ๐ฏ:
Entered this Cash Secured Put position last week, with the view that TSLA broke above and hold $414.5 and was nearing $422 which is the next potential Resistance level.
Target to exit within 15-30% profit range, but since TSLA broke above $425 and seems to have more upside momentum, decided to hold this position abit longer. Exited this position to risk-off slightly, when TSLA traded around $432 earlier. Satisfied with the profits secured from this swing option.
Trade safe, Tiger friends! [Love you]
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 1.45 1Lot(s) | +80.82% Closed |
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- OgdenHerbertยท12-03Nicely played! ๐ค Let's ride the next wave ๐1Report