FERRARI ($RACE) at the resistance area!

NYSE:RACE   Ferrari N.V.
From a technical point of view, Ferrari ( 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 is completed, I don't rule out a new bullish leg.

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RACE Stock has reached the area around 2.98,$ as shown on chart, so next week we will be looking for some Reversal Pattern on intraday chart.
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By Anonymous Banker
A TradingView Fan since 2015

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