Ferrari N.V.Long
RACE to triangle support
RACE has been on the decline since nov 2021 and bounced off the 181 support twice forming a declining triangle.
Taking a short term bullish trade from the last bounce and watching the price action for any weakening to get out.
Currently holding this trade as MACD and RSI are going bullish - planning to exit when the RSI becomes overbought.
27/5 Planning to move my stop to reduce risk and watch the 4hr candles for the 27th and decide if i need to move the stop again or keep holding.
Taking a short term bullish trade from the last bounce and watching the price action for any weakening to get out.
Currently holding this trade as MACD and RSI are going bullish - planning to exit when the RSI becomes overbought.
27/5 Planning to move my stop to reduce risk and watch the 4hr candles for the 27th and decide if i need to move the stop again or keep holding.
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