Support / Resistance đđ:
Support: $440, $435, $429
Resistance: $449-$455, $465, $470
Outlook đ:
TSLA got rejected at $449-$455, and seems to have trouble reclaiming this level, thus would expect more downside price movement towards $440 and then $435.
If TSLA is able to break above $449-$455 then we may see some upside price movement.
Target đ¯:
Entered this Covered Call position when TSLA is trading around $440~, with the view that TSLA may potentially reject further more around this level.
Target 10-20% profit from this options scalp, or $100 profit. Else will stop-loss at same %.
*note not to follow my stoploss % as I have larger risk appetite.
Trade safe, Tiger friends! [666]
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