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Ferrari N.V.Ferrari N.V.Ferrari N.V.

Ferrari N.V.

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RACE 8H: 15% correction & best level to RELOAD/BULLS(NEW)Why get subbed to to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates RACE 8H: 15% correction & best level to RELOAD/BULLS(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: RACE 8hour chart review ::: heavy resistance ::: 15% correction up next ::: 147 USD key S/R level ::: and best reload bulls later ::: right not STAY OUT / SHORT IT ::: good luck traders 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9/Combo update: N/A ::: Sentiment: BEARS ::: Sentiment outlook short-term: BEARISH
NYSE:RACEShort
by ProjectSyndicate
1
RACE: $165 Long TargetFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said Ferrari is doing quite well for itself. Among their line of 2020 cars included are the Portofino, GTC4Lusso, F8 Spider, F8 Tributo, 488 Pista, 812 Superfast, SF90 Stradale, etc. The list of new and old cars is ever growing. Many people don't know this, but Ferrari makes alot of different luxury cars. I mean they, just like most car manufacturers, have a long list of product skews. Ferrari's production output of vehicles doesn't have to be that high given the price in comparison to other companies. However, with a nearly $30 billion dollar market cap, they are likely over 8x their yearly revenue in value over the traditional 300 to 330% that goes into valuations. This is because Ferrari unsurprisingly has brand value. Brand value increases equity value. This is why I see (with some resistance), the bullish run continuing to positively retrace towards the $165 price point.
MIL:RACELong
by gamer456148
Ferrari might be ready to break out higher$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 "mean altering" mood than a "mean reversion" mood. Look to get long around 165.
NYSE:RACELong
by dotpem
Ferrari update 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 risk-reward. Ferrari seems one of the resilient stocks to global turmoils and recently continues to impress investors with improved financial performance. Good Luck!
NYSE:RACE
by Antonio_trader
Ferrari expected downtrend theory on friday 15th aug.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 I would expect a fall on 15th of aug. *sidenote* I just started experimenting with trend lines on charts this day (new to investing). It could be real bullshit what I'm selling, but I don't know. Please let me know what you think of this theory. All critics are welcome.
MIL:RACE
by Rik073