Echo Trade Entry – VALE
VALE has set up an entry and confirmed above the resistance at $22. I am buying Sep-17-21 $22 strike calls. The first target is $23. Stretch goal target 2 is $24 and the super stretch goal is $26. Support zone as marked in the 20.50-21 area.
**We may see a pullback before the run to the targets, just be ready for it if it happens.**
Buy $22 – Sept 17, 2021 Calls
$1.25 (plus or minus $0.10)
$20.50 – $21
Target 1 $23
Target 2 $24
Target 3 $26
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.
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