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RACE

Ferrari (RACE) 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 Monday, then tries to continue quickly on Tuesday, and then retraces with a two-day pullback. The stock closed up at € 173.40 yesterday. My idea about Ferrari in the long term, especially after the post-pandemic economic recovery is clearly Bullish, while in the medium term I believe that the title can easily reach the 178-180 area. If the uptrend line were to keep and the global situation, also thanks to the summer period, were to improve, as we all hope, the second target is in the 190 area. LazyBull
MIL:RACELong
by LazyBull5
3 potential stocks to expand your portfolioThinking 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 race-car manufacturer is still on track. And it's not because of the newly born millionaires from the latest rise in the price of Bitcoin ... Let's take a look at what's under the "hood" of Ferrari. Technically we have a well-formed uptrend and Yesterday that trend was tested at the earnings which were good. Volumes activity was big since the bottom formed after the first lockdown. The candle formation ended with a pinbar . MACD and RSI are still lagging, but the trend holds. Fundamentally the financial look of the company is stable in revenue and EPS aspect. Also, the racing car manufacturer is decided to take on the electric cars market, as well as delivering three new models. Next is Nio. Already a familiar company and attracting more and more investors. Earnings are on the 9th of March. Revenues and EPS are shaky, but investors are betting on the long-term success of the company. Ford terminated their contract to manufacture electric cars in China, but Nio managed to cement their position in the Asian country. MACD here is lagging, but RSI is moving above 50 and the trend is intact. The price is currently forming a bullish flag on the daily chart and if it is triggered we may head towards the $70 range. Last, but not least - Raytheon . Technicals are looking better here as RSI is moving from oversold territory and above 50. MACD has a crossing and the histogram is starting to move into positive territory. The uptrend is intact. Earnings passed, although they are a bit disappointing, financials are looking stable for the company. The company recently won a $290 million contract with the U.S. Navy. That will attract more revenue for the company and will keep it busy in the long-term.
NYSE:RACELong
by DailyChartist
FERRARI 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 willingness to move higher and higher. Right now, Ferrari has on the top of resistance with the double top formation. I could not found any pattern of formation in the Ferrari chart. But, it is clear to see in my view, Ferrari will starting the correction move to the support lines. I must follow the movement and totally learn the characteristics and behavior of the Ferrari. See you soon, My Love... Best regards, RyodaBrainless "Live to Ride and Ride to Live"
NYSE:RACEShort
by RyodaBrainless
1
😯 Ferrari Could Be MASSIVE For Bears! (RACE)💰 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! - Let's also notice that we do have some lower lows on major structures. Failure to break higher will result in a massive drop I believe. - I'm looking to play this one on a timeframe like the weekly for a turn around and hold a long term position. Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤ Thanks for checking out our analysis! ✌😁✌ 🥇MLT | MAJOR LEAGUE TRADER
NYSE:RACE
by UnknownUnicorn2319099
3
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
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