Z4F4R

Ferrari Races Higher, Bulls Eye $550 After Key Resistance Break

Long
BATS:RACE   Ferrari N.V.
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 potential surge to $550 in the coming months.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.