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
Ferrari rides 7% in next 7days… Purosangue presentation happening soon…. Long trend happening soon… NYSE:RACE
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...
RACE looks ready to bounce. Some $200 strike calls for 05/14/21 came in today. 950 qty @ $2.60 | $247,000 BLOCK Watch for upside
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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I missed the Euro trade session, NYSE:RACE gapped up in the US. A possible 1:3 risk:reward trade; stop near the close of the gap.
RACE is building inverse H&S on an Hourly chart. Look for break of the neckline and it will start its ascend
Buy Ferrari at 25% retracement risk 100 return 300
The PEAD projected a slight bullish outlook for $RACE after a negative under reaction following its earnings release placing the stock in Drift D If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.