TradeTheTrends

RACE, Time To Buy

Long
NYSE:RACE   FERRARI N V
Hello fellow traders and investors, RACE also known as Ferrari has sold off to the trendline that acts as a support.

Technicals:
  • The Macd is indicating that RACE is oversold
  • The EMA's are indicating that RACE is still in a downtrend

    When To Buy:
  • When the Macd crosses its EMA
  • When the EMA's crossover

    When To Sell:
    There are two options on where you could sell. The first option would be to sell at its previous high which offers a 17% ROI . The second option would be to sell when the price reaches the top trendline which offers around a 20% ROI .

    NOTE: Use a daily timeframe to analyze RACE since on lower time frames there are many fakeouts with the indicators and EMA's

    Hope you enjoyed the analysis and many more to come
    If you enjoyed then please leave a like and follow, thanks

Comments

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