FERRARI ($RACE) at the resistance area!
Updated
From a technical point of view, Ferrari (
RACE) Stock Trend is bullish, but at the same time it has reached an important resistance area around $300/320, and from here it could trigger a short-term corrective structure. The minor structure 12345 might be completed, but as we can see from the chart, it might be a wave 5 of 3 (major), so once the correction is completed, I don't rule out a new bullish leg.
Trade with care!
Like if my analysis is useful.
Cheers!
RACE) Stock Trend is bullish, but at the same time it has reached an important resistance area around $300/320, and from here it could trigger a short-term corrective structure. The minor structure 12345 might be completed, but as we can see from the chart, it might be a wave 5 of 3 (major), so once the correction is completed, I don't rule out a new bullish leg.Trade with care!
Like if my analysis is useful.
Cheers!
Note
RACE Stock has reached the area around 2.98,$ as shown on chart, so next week we will be looking for some Reversal Pattern on intraday chart.Like 🚀 if my updates are helpful
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.