Stock broke the uptrend line, retested it and now retests the green buy zone. Potential to short the break lower and target the first fib level at 38.2%, also 200SMA on daily is catching up to that level. A buy is possible is price starts to close the gap back up to 160 level, wait for impulsive move higher for confirmation. Good Luck!
Big banks and investment funds have a divided opinion of this stock, between 'hold' and 'buy'. Their target price ranges below the current one. Technically, the price made a 3rd touch on the trend line, so it confirmed now. A support zone at 150 is close. If the break happens wait for the support zone to break as well. Currently can look for longs for better...
I'm expecting Ferrari stock to enter (longterm?) downtrend on friday the 15th. The marketprice might be overstated for the quarter earnings. It has already entered a short downtrend. After that it stabilizes a little bit. The stabilizing support line is stagnating while the longterm resistant line is falling. The lines will cross on 16th of aug. Thats weekend. So...
Kill the boy and let the man be born.
$RACE earnings coming up early May $45M of May 17th calls traded today deep in-the-money (13k conracts varying strikes vs 3,500 OI) Will confirm positions in open interest tomorrow Assuming a solid beat in May, we could see a push for new all time highs early summer Medium term target - $165 by August Note - Informational, not investment advice
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.
No questions or doubts STRONG BUY
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...
A long-term investment process in Ferrari since IPO. Best car stocks to invest in long-term Ferrari and Tesla
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