If the price breaks below $4.60, the next target could be $4.30, followed by another potential target at $3.70. If it continues to lose the $3.70 area, there is a possibility of it reaching $1.50.
On the bullish side, there is a potential for a counter-pullback due to the formation of a double bottom and oversold conditions. However, it is important to note that this bullish scenario may be temporary in nature.
But one thing that you dont explain is the court case!We are trading barcodes because of pricefixing as simple as that!Hft,synthetics,treshold list,all those tools are important for TA.
shkspr
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@pizzini187, Thanks for sharing your thoughts, but honestly, I don't really care about the court case. It's just another piece in the puzzle of trading, and I'm more focused on hitting my price targets. Barcodes, HFT, synthetics, threshold lists – they're all part of the game, but I'm not losing sleep over it. Let's keep it chill and ride the waves!
pizzini187
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@shkspr, We are talking about the most manipulated stock on the market. So what do you mean it doesn't make sense or you don't care? If this lawsuit is dismissed, all these predictions will be illogical and sent to the realm of fables! Ferrari price tag can make you don't compare it to a Fiat.
shkspr
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@pizzini187, I couldn't care less about what's happening beyond the chart. All that matters to me is what I see right in front of me. I make my moves based on those lines and patterns, and nothing else really matters. Manipulation, politics, the economy—they're all just part of the game. Good luck.