ucsgears

RACE - This to the upside

NYSE:RACE   FERRARI N V
423 14 6
a year ago
There may be a good chance this goes up.

Keep this in mind. This is a subsidiary IPO             , not a fresh IPO             trade. Stay nimble and trade smart,
a year ago
Comment: Generally a fresh IPO is will most certainly bounce after a ~15% Drop. This is a Subsidiary of FCAU (Fiat)
snapshot


another note - Options were added yesterday, along with Weeklies.
a year ago
Comment: Although it traded Down, There is no change it plan here. I will Keep this behind my Radar.

In future, for those interested, I am planning to add the Earning Zone Trade setups and the IPO picks. I will open a new blog and keep those running.

Let me know if you are interested, as it is time consuming to post and maintain everyday during earning season, Without enough interest I will skip that idea.
a year ago
Comment: Do Not chase the breakout @ 52....... Wait for a pullback. Use Stage Analysis.
a year ago
Comment:
snapshot
a year ago
Comment: High Volume zone clearly shows the resistance / support. Hold, w/ breakeven stop
a year ago
Comment: With the weakness in the market, I want to see this either hold the level of $53.50 and breakout. Be on your toes and manage this well.

If you follow my comments, you shouldn't be exposed to a lot of risk, at this point.
a year ago
Comment: Coudn't update the Status on this one, Had quite a lot of trades, going into FED announcements. Hope No one got hurt badly here.

Based on the last few comments, you should have closed this one or stopped out..
longshot PRO
a year ago
by stay nimble do you mean a tight stop-loss?
Reply
ucsgears PRO longshot
a year ago
Obey the rules and take meaningful stops and targets.
Reply
RustamKamalov
a year ago
At what price you expect RACE going up?
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tradearcher PRO RustamKamalov
a year ago
He charted from at least $52.
Reply
longshot PRO RustamKamalov
a year ago
hover your cursor over the green part of the chart, it shows the target & stop
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2use
a year ago
thanx for the upate
Reply
2use
a year ago
Im interested in New IPO coverage a lot. High volatility brings potential for more swings, would also show how good are your predictions and score if right. (PS - i of course will use my own guidance with your ideas)
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2use
a year ago
Is the trigger the purple resistance or 52 still at this point?
Reply
ucsgears PRO 2use
a year ago
Volume Profile - Heavy volume area - $52 still intact so far.
+1 Reply
2use
a year ago
what is break-even stop
Reply
ucsgears PRO 2use
a year ago
Move your current stops closer to the buying price. Reduce the risk, while you are exposed.
+1 Reply
ucsgears PRO
a year ago
Still Hanging in there?
Reply
G13Man
a year ago
good news - i did get above the down trend line
snapshot

Bad news , it is still following it down
Reply
G13Man G13Man
a year ago
PS , thats why to use a trailing stop or manually move ur stop up when in profit !
Reply
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