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wanjebat
Jul 28, 2021 12:48 PM

US - Ferrari - July 2021 Long

Ferrari N.V.NYSE

Description

Analysis

- At the last stage of pennant pattern.
- currently trying to test resistance trendline.
- high chances to move higher in the event of breakout from resistance trendline.
- if testing fail, it will move downwards to support trenline.
- there is probability to go downwards beyond support trendline if the earning was not good.
- in case of breakout resistance trendline, upward movement will test each resistances in RED before moving higher.

"Market is always right"
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