RACE Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
2FE trade ideas
US - Ferrari - July 2021Analysis
- At the last stage of pennant pattern.
- currently trying to test resistance trendline.
- high chances to move higher in the event of breakout from resistance trendline.
- if testing fail, it will move downwards to support trenline.
- there is probability to go downwards beyond support trendline if the earning was not good.
- in case of breakout resistance trendline, upward movement will test each resistances in RED before moving higher.
"Market is always right"
RACE Overview- Great looking chart. Currently setting up within a symmetrical triangle.
- The base range measurement can be projected from the apex to gather a higher probability target than the classic target.
- The ATH resistance is likely to act as the level which initiates the retest of the supply trendline.
- Green arrows show my predicted path IF the stock breaks out the upside.
- Not recommended to initiate trades until confirmation is received.
Ferrari: Off To The Races? - Strong Results & Record Order BookPart automobile manufacturer, part luxury stock, the share is looking to breach it's year-to-date overhead supply.
Chart structure similar to that of another luxury goods business, Kering, where €620.00 was a big level in April.
Phase in and add on a close above €182.00
Stop: € 169.00
Weekly Chart.
As per their recent results presentation (via Investor Relations):
STRONG FIRST QUARTER RESULTS AND RECORD ORDER BOOK;DECISIVE MANAGEMENT OF COVID-19 PANDEMIC IMPACTS
Q1 sustained by product mix with EBITDA(1)at €376M, +18.6% vs. Q1 ‘20 and +20.9% vs. Q1 ‘19, with a margin of 37.2%.
Sound industrial FCF at €147M.
Robust net order intake and record order book.
Most profitable models with strongest demand
Confident to reach top end of the 2021 guidance range2022 financial targets postponed by one year due to actions taken in response to Covid-19
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
$RACEwith a slight bullish outlook following its earnings #StockThe PEAD projected a slight bullish outlook for $RACE after a negative under reaction following its earnings release placing the stock in Drift D
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RACE, Time To BuyHello fellow traders and investors, RACE also known as Ferrari has sold off to the trendline that acts as a support.
Technicals:
The Macd is indicating that RACE is oversold
The EMA's are indicating that RACE is still in a downtrend
When To Buy:
When the Macd crosses its EMA
When the EMA's crossover
When To Sell:
There are two options on where you could sell. The first option would be to sell at its previous high which offers a 17% ROI. The second option would be to sell when the price reaches the top trendline which offers around a 20% ROI.
NOTE: Use a daily timeframe to analyze RACE since on lower time frames there are many fakeouts with the indicators and EMA's
Hope you enjoyed the analysis and many more to come
If you enjoyed then please leave a like and follow, thanks
FERARRI D1Ferrari products have always attracted motorists. That made it possible for the company's shares to rise to new heights. The beginning of spring could provide an opportunity for the company to increase its sales. Because these cars are not intended for driving in the winter season. Considering the cost of cars, you need to understand that a sales company significantly increases the capitalization of its company, which is an incentive for stock growth. The unstable economic situation is unlikely to have a negative impact on sales, because the target audience is mainly rich people, for whom the crisis times, on the contrary, open up new opportunities for earning money.