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Echo Trade Entry – C

Buy $75 SEP-17-21 Calls $0.55 (plus or minus $0.05)

C has been in a multi-week correction and looks like it has a setup to breakout higher. Resistance above at 72.50 area, support below down to the monthly pivot and confluence of some bigger echo pullbacks at $67.70 area.  Target 1 at $76 and Target 2 up at $78.

You are welcome to use different strikes, expirations, or even directly use stock.

Alert:

Buy $105 SEP-17-21 Calls

Price:

$0.55 (plus or minus $0.05)

Support Zone

$67.70 area

Resistance

$72.50

Exit:

Target 1 $76

Target 2 $78

If this is your first echo trade I strongly suggest watching the masterclass for proper trade sizing in your account BEFORE taking the trade.  

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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.