$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
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...
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...