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Echo Trade Entry – ENPH

ENPH has setup a nice multi-day pullback. Price has mad a lower high and moved up through the resistance level  at $179.  I want to see price moving on up and not return to the support zone from 155-171 area.  Target 1 is $208 and Target 2 is 226.  August-20 might be a little short on time, but I am going with a more reasonable priced option.  ENPH already released earnings, so we should be good to go higher for the next 3 weeks.

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

Alert:

Buy $195 – Aug 20, 2021 Calls

Price:

$5.25 (plus or minus $0.10)

Support Zone

$155 – $171

Resistance

$179

Exit:

Target 1 $208

Target 2 $226

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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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.