Very much so. Not quite sure what the new impulse is associated with, yet we are very confident that this one is going to shoot up. Elliott wave/NeoWave analysis has shown us to be around 80% predictive on long positions. Good luck!
Fibonacci goals are in green and invalidation is in red. Just to remind everyone, this is not financial advice. Do your own research...
In a week of uncertainty, especially on the Nasdaq, which is on a critical point, see the article I posted last week for a more in-depth analysis, Ferrari finally seems to have started its bullish phase, after the long decline that the 'led to a loss of 36% from the beginning of 2021 to the beginning of March.
The price strongly breaks the bearish trendline on...
Thinking about which financial instrument to add to your portfolio is always a challenging task, especially in a market where almost everything is overbought. You may already own these three stocks, but if you don't they have good technicals and fundamentals to get in or to add up. Starting first with the Ferrari. At first, sounds like an exotic stock, but the...
Sunday, 3 January 2020
10:31 AM (WIB)
Ferrari, the most beautiful supercar in the world and a fascinating performance between the brand and stylish technology insight. Ferrari was my childhood dream. I want to have this alongside Harley Davidson.
Ferrari has a clean and strong ascending channel with clear support and resistance. The ascending channel shows a...
RACE confirms the "Cup and Handle" pattern but with a little resistance at $ 183, I suggest you buy at $180 + $185 at the ratio (50% + 50%).
RACE buy : $180 + $185 at the ratio (50% + 50%).
RACE target : $220
Stop loss : 10%
Wish you good deals!
💰 LET'S GET INTO SOME FERRARI ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
- This one could be massive as a potential triple top crown could be in motion. We are now approaching the highs of the previous last 2 major structures. This could be a huge money maker for a bear!
Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
RACE 8H: 15% correction & best level to...
$RACE is showing a lot of strength and might not slow down soon. 🏎 Look to get in around the bottom of this trend line as it (presumably) marches higher. Having broken out above a long term resistance point, I wouldn't be surprised to see some consolidation and another leg higher.
The turn in moving average is interesting. That suggests it might be in more of a...
Who's going to be buying Ferrari's during a depression?
Plus TA shows price breaking rising wedge, now pulling back and has been hugging the support line break for dear life, desperately trying to get back in.
It's DOA - time to short.
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.
$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