ProjectSyndicate

RACE 4d best level to buy/hold 100% gains

Long
BATS:RACE   Ferrari N.V.
🔸Hello traders, today let's review4 daily price chart for RACE/Ferrari. Measured move
pullback in progress right now, however overall strong chart indicates further upside possible.

🔸Strong sequence of higher lows and higher highs and new higher lows
new higher low expected near 210/215 usd. currently pullback in progress so it's recommended
to wait until pullback is over before reloading. buy/hold setup for patient traders only.

🔸Recommended strategy bulls: expecting pullback based on measured move projection
set to extend further down towards 210/215 usd. Bulls should focus on buying low later
after the pullback is complete later in Q4 2023/Q1 2024. reload bulls near 210/215usd.
Based on measured move projection new high expected at 500 usd. 100% upside in this trade.

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Comment:
currently pullback in progress

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