BNTX – Echo Trade Setup
BNTX has tested support, moved up above the resistance at 187, met resistance at the 78.6% level dropped back to the weekly pivot and then setup an entry to go higher. The SPX is just now breaking above the 61.8% resistance to transition back into an uptrend (finally!!)
Buy June 18, 2021 $230 calls
$5.90 (plus or minus $0.30)
You are welcome to use different strikes, expirations, or even directly use stock.
If this is your first echo trade I strongly suggest watching the masterclass for proper trade sizing in your account BEFORE taking the trade.
Daily Profit Publishing and Rob Booker do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor. We are not licensed to provide you personalized investment advice. Nothing in these communications should be construed as personal investment or financial advice.