Buckle up, Ferrari (RACE) fans! The Italian Stallion is back in the driver's seat, and I am bullish after a crucial resistance level was shattered. Ferrari stock surged past $370 resistance, a key technical hurdle that has capped the stock's potential for some time. This breakout suggests a bullish trend could be taking hold, with some expert analysts eyeing a...
The NYSE:RACE stock closed the reverse head and shoulders move in early December and was drawn down to the support line, where it crossed the moving average (with some resistance from the sellers as it is seen on the graph that the downside trend has flattered after that cross). There's a support line hovering at $333 but before that 18% growth following the...
Ferrari's latest Earnings report was great news. Price popped to the Golden Genesis fib at $517. Look for retrace or break and retest for long entry. ======================================
Strong results on earnings. Strong upside follow-through and record high.
Ferrari (NYSE: NYSE:RACE ), the iconic luxury sports car manufacturer, is making headlines once again as its stock ( NYSE:RACE ) catapults to all-time highs, fueled by impressive Q4 earnings and the potential signing of Formula 1 legend Lewis Hamilton. The renowned racing driver, a seven-time World Drivers' Championship winner, could be donning the iconic red...
FERRARI: GARTLEY detected + Monitor Gaps On the rise: -possible rebound on the GAP around 327 On the decline : -return to the EMA.50 around 314 -Then Gap, around 311 -and then EMA.200 around 288. Pay attention to the GAP at the bottom, around 208
Ferrari S.p.A. is an Italian luxury sports car manufacturer based in Maranello, Italy. Founded in 1939 by Enzo Ferrari, the company built its first car in 1940, adopted its current name in 1945, and began to produce its current line of road cars in 1947. Re-testing the breakout level.
NYSE:RACE short made $$$ from first call. Now a pause to short and may see further downtrend. Reversal is also possible hence it is good to short only when go below LOD 29 Dec. DYDD. No position just testing my theory.
Double top formation with bull trap. Indicators showing downway trend. DYDD.
i0.wp.com Stock has broken out of this broadening pattern to reach new all-time highs with a measured target of at least $360.00 after beating expectations and and raising guidance. Ferrari Stock Is on Track to Hit All-Time Highs — WSJ Nov 3, 202321:31 GMT+2 RACE +1.78% By Hardika Singh The company that makes some of the hottest cars in the world has a hot...
Ferrari in a very clear textbook #Distribution since a few days. Institutions accumulating your Stop Losses. So a super Flat channel - no subjectivity there. We're missing a #BullTrap - Ideally I like to see one. Will be surprised if it breaks down so easily. But still taking the trade at 930 EST Monday open - its 5x if it works.
I've included a weekly trade plan for RACE (Ferrari) with points to watch at the weekly close, need a close below yellow and green supports right now, this week should give a strong signal. Once that happens we have to capture a 12% swing to low as that's a strong support area, where we will be looking for re entry short or long depending on the general market...
Ferrari (RACE) will start accepting cryptocurrency as a payment method in the U.S., according to a report by Reuters on Saturday. The Maranello, Italy-based luxury sports car manufacturer will subsequently extend the scheme to Europe in response to demand from its wealthy customers, Reuters reported, citing Chief Marketing and Commercial Officer Enrico...
This is huge for Ferrari and we are expecting a surge in price for the RACE Ferrari stock
Race Ferrari (NYSE) presents an enticing opportunity for investors looking to go long in the luxury automotive sector. Ferrari, known for its iconic brand and high-performance vehicles, has demonstrated resilience amid economic uncertainties. One compelling reason to consider a long position is Ferrari's strong brand loyalty and demand for its premium cars,...
RACE has been a great buy for plenty of people but I can't help thinking that it might be about to start a 5th of a 5th wave or perhaps have even finished a 5 wave Elliott Wave cycle already. The red count suggests that we are in a 4th wave correction and can expect to see a final 5th wave some time soon. The alternative blue count is much more pessimistic and...
🔸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...
From a technical point of view, Ferrari ( NYSE:RACE ) Stock Trend is bullish, but at the same time it has reached an important resistance area around $300/320, and from here it could trigger a short-term corrective structure. The minor structure 12345 might be completed, but as we can see from the chart, it might be a wave 5 of 3 (major), so once the correction...