RACE/N trade ideas
$RACEPuede la ferraria quedarse sin nafta?
Juego de triangulos y posibilidades.
Objetivo U$s 60/ U$s 70
Parabolic Ferrari - Earnings Play1) Evening Star before earnings.
2) 1-month and 3-month return change is unsustainable and in my opinion setting up for a black swan earnings potential.
3) When viewing from a log view it's now above upper channel.
-Execution: Small position of OTM put options w/ less 1 month expiration.
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....STRONG UPTREND ...BUYING ferrari is my sweetheart enter to buy if confirming above tl end of todays time
RACE:a trade to not even worry about following the channel up worry when it gets to a purple zone other wise just long,take profits, relong take profits and so on.. hahaha
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
Ferrari short entry at $ 46 [Just an idea]Hi traders,
We are currently looking at the daily chart of Ferrari. What do we see on the chart?
AB=CD pattern completion at $ 46
The big reversal in May 2016 was started at $ 46
If we draw the Fibonacci retracement from the moment of the Initial Public Offering in late 2015 to the low swing of February 2016, the 50% retracement end up just above $ 46
All in all, I think this is a good opportunity to go short.
Entry: $ 46
Stop: $ 47
Target: $ 43 = R:RR 2.63
Good luck if you take this trade. I will keep you updated.
