FERRARI N V

NYSE

RACE

RACE has tested the resistance zone and broke through the short term (1hr) support trend line. There are signs of weakness from the indicators showing negative divergence. Please note however the long term trend is UP so you would be trading against the major trend.

$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

Classic setup + Distrabution pattern.

Ferrari (RACE) D1: Downtrend like from textbook + Horizontal level + Overbought + Hidden Divergence on RSI(14).

After the monthly being lost i expect continuation down. This trade can turn into being the play of the year with targets as low as 48. I will be shorting this and keeping an eye on it for sure.

RACE/Ferrari Possible Pitchfork

Dear Trader Investing and trading offshore allows market participants to access industries and sectors not necessarily available on the JSE. Today's trade idea illustrates that with the share being luxury car manufacturer Ferrari NV whose share price has been under pressure since mid-year amid late-CEO Sergio Marchionne stepping down due to health concerns, a...

may push back up to neckline but has massive potential downn

short

NYSE:RACE possible butterfly pattern

PR Strong Buy $37 NR Junk $145

Title says it all, this is an easy one in these conditions.

in a crisis do you buy Ferarris ? the stock is quite inflated as well.

Could be misreading this one bc the volume doesn't exactly align with a typical SHS pattern but it looks like a complex version/broadening top.

RACE

Post ER Pull $107.27 or bounce to Trend & $121.21 Support 2 $131.76 Fill

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...

This will be deep. good luck