Ferrari (RACE) D1: Downtrend like from textbook + Horizontal level + Overbought + Hidden Divergence on RSI(14).
20 Pip stop loss. Took an extra leg down - look to reverse to where there is strong support. The Maid came to clean the room just then i think she liked the music aye.. ahah
PR Strong Buy $37 NR Junk $145
ferrari's weekly chart looks quite unsettled: A head and shoulders pattern formed, but on the neckline level I can see a hammer and an inverted hammer. And even this week's candle seems to feel the neckline resistance. What to do then? No fucking idea. Consider a short if it breakes the neckline. But goddamit those two hammers are making me hard and anxious to...
Ferrari NYSE RACE H&S Pattern Technical Analysis
The Ferrari chart offers good opportunities to get into this stock. Currently at a resistance level for a few days now, pushing of the 100 SMA. A break above 136 is a trigger for a long trade. Alternatively a small risk on shorting the bounce of the resistance, though waiting for it to push lower than 100 SMA would provide better confirmation.
Ferrari seems to be ready to break above its high at 92 Usd Dollars. An increase in volumes has been detected. This might be a signal of the upcoming break of the horizontal resistance at 92 Usd dollars. On 4hr charts, the Price oscillator has now crossed above the zero line, which is a strong bullish signal. Coppock curve is not oriented upwards, as MACD. On a...
Main signals: double bottom triangle gap Buy 49.50-50.00 Stop-loss 47.34 (-1 tick under triangle) Target #1 57.50 Target #2 60.00