Analysis
- At the last stage of pennant pattern.
- currently trying to test resistance trendline.
- high chances to move higher in the event of breakout from resistance trendline.
- if testing fail, it will move downwards to support trenline.
- there is probability to go downwards beyond support trendline if the earning was not good.
- in case of breakout...
- 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...
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
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...
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💡 RACE technically based idea, we can see price is bounce from bottom trend line, technically indicators showing we can expect higher...
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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