Ferrari
FerrariThe 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.
Ferrari is a new longFerrari 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 daily and weekly charts, it is clearly visible a stable uptrend
Ferrari: daily triangle breakoutMain 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
