Support / Resistance ๐๐:
Support: $414.5, $402, $396
Resistance: possibly $422?, $425, $430
Outlook ๐:
TSLA broke above key level $414.5 today and it is holding well. Seems like we are heading in for more short term upside. If TSLA manage to break and hold $422, we should be able to see more short term upside towards $425, then $430. Else, if TSLA rejects at $422, then watch for short term downside towards support level at $414.5 again.
Target ๐ฏ:
Was difficult to hold this Cash Secured Put position through last 2 weeks due to the massive corrections, but I am glad I held it through.
Was looking to either secure a 5-15% profit, but since we saw TSLA reclaimed back $414.5 today, de-risking my long term portfolio by exiting this swing Cash Secured Put position to lock in some profits. Satisfied with how the trade turns out.
Take note that there are many macroeconomic news lined up this week starting tomorrow, thus thread carefully and always cash in profits whenever possible and keep positions small and short during this period of time for traders.
Trade safe, Tiger friends! [666]
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 2.00 1Lot(s) | +66.51% Closed |
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- qixooยท02-10TOPNice move locking profits! TSLA looks set for $430. [ๅพๆ]1Report