SHORT RACE after earning report?Looking to short RACE the day after earning if the price go up by earning report. Risky!
RACE 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.
10% in ten daysFerrari rides 7% in next 7days…
Purosangue presentation happening soon…. Long trend happening soon… NYSE:RACE
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
$RACE | Inverse Head and Shoulders RetestRACE looks ready to bounce. Some $200 strike calls for 05/14/21 came in today.
950 qty @ $2.60 | $247,000 BLOCK
Watch for upside
Race Ferrari next weekswe leave the same senario from the last years. Each Resistance return a Support but we can back to the support line to test then go to the resistance...
Lets see if the senario is true :)
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
RACE 3:1 tradeI missed the Euro trade session, NYSE:RACE gapped up in the US. A possible 1:3 risk:reward trade; stop near the close of the gap.
Ferrari is ready for RACE to new highsRACE is building inverse H&S on an Hourly chart. Look for break of the neckline and it will start its ascend
Buy Ferrari at 25% retracement risk 100 return 300Buy Ferrari at 25% retracement risk 100 return 300
$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
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
try RACE againi’m getting that electric Ferrari one-way or another!
i got stopped out of the last one for a bit more than 1r... let’s go!!
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.
BOB RACE [S] 9 Feb 2021RACE
investing.com SB -> SB SB SB SB SB SB B N SB
Relative Volume: 1.46
1st Green HA
Monthly: Uptrend
Weekly: Uptrend
Daily: Downtrend
MA: Red > Blue
Slow Stochastic: Golden Crossover. Less than Over Bought
MACD: GC
RSI: 46.6 (Upwards)
PCR: 0.7
Ferrari is a good portfolio diversifier from hereWhen growth and inflation around the world are seemingly increasing on a MoM basis, consumer discretionary stocks perform well. We've seen this across the board so far this year, and in the latter parts of 2020. Ferrari is no exception, with a premium luxury brand with international recognition. Recently, RACE has been pulling back, and I'd look to start to leg into a position here, with capital to buy more slightly lower as well. Technically, we're near the bottom of the 2std dev Bollinger, as well as oversold on the RSI 1D/4H timelines. The risk/reward from here is favorable.
