- Great looking chart. Currently setting up within a symmetrical triangle.
- The base range measurement can be projected from the apex to gather a higher probability target than the classic target.
- The ATH resistance is likely to act as the level which initiates the retest of the supply trendline.
- Green arrows show my predicted path IF the stock breaks...
Part automobile manufacturer, part luxury stock, the share is looking to breach it's year-to-date overhead supply.
Chart structure similar to that of another luxury goods business, Kering, where €620.00 was a big level in April.
Phase in and add on a close above €182.00
Stop: € 169.00
Weekly Chart.
As per their recent results presentation (via Investor...
we leave the same senario from the last years. Each Resistance return a Support but we can back to the support line to test then go to the resistance...
Lets see if the senario is true :)
In a week of uncertainty, especially on the Nasdaq, which is on a critical point, see the article I posted last week for a more in-depth analysis, Ferrari finally seems to have started its bullish phase, after the long decline that the 'led to a loss of 36% from the beginning of 2021 to the beginning of March.
The price strongly breaks the bearish trendline on...
The PEAD projected a slight bullish outlook for $RACE after a negative under reaction following its earnings release placing the stock in Drift D
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Hello fellow traders and investors, RACE also known as Ferrari has sold off to the trendline that acts as a support.
Technicals:
The Macd is indicating that RACE is oversold
The EMA's are indicating that RACE is still in a downtrend
When To Buy:
When the Macd crosses its EMA
When the EMA's crossover
When To Sell:
There are two options on where you could...
Ferrari products have always attracted motorists. That made it possible for the company's shares to rise to new heights. The beginning of spring could provide an opportunity for the company to increase its sales. Because these cars are not intended for driving in the winter season. Considering the cost of cars, you need to understand that a sales company...
