winningeveryday

RACE BREAK THROUGH SHORT TERM SUPPORT TREND LINE

Short
winningeveryday Updated   
NYSE:RACE   Ferrari N.V.
RACE has tested the resistance zone and broke through the short term (1hr) support trend line. There are signs of weakness from the indicators showing negative divergence. Please note however the long term trend is UP so you would be trading against the major trend.
Trade active:
Recommended STOP LOSS 158.50
Comment:
Price almost hit the SL. Still in this...
Trade closed: stop reached
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