$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
RACED trade ideas
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
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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.
3 potential stocks to expand your portfolioThinking about which financial instrument to add to your portfolio is always a challenging task, especially in a market where almost everything is overbought. You may already own these three stocks, but if you don't they have good technicals and fundamentals to get in or to add up. Starting first with the Ferrari. At first, sounds like an exotic stock, but the race-car manufacturer is still on track. And it's not because of the newly born millionaires from the latest rise in the price of Bitcoin ...
Let's take a look at what's under the "hood" of Ferrari. Technically we have a well-formed uptrend and Yesterday that trend was tested at the earnings which were good. Volumes activity was big since the bottom formed after the first lockdown. The candle formation ended with a pinbar . MACD and RSI are still lagging, but the trend holds. Fundamentally the financial look of the company is stable in revenue and EPS aspect. Also, the racing car manufacturer is decided to take on the electric cars market, as well as delivering three new models.
Next is Nio. Already a familiar company and attracting more and more investors. Earnings are on the 9th of March. Revenues and EPS are shaky, but investors are betting on the long-term success of the company. Ford terminated their contract to manufacture electric cars in China, but Nio managed to cement their position in the Asian country. MACD here is lagging, but RSI is moving above 50 and the trend is intact. The price is currently forming a bullish flag on the daily chart and if it is triggered we may head towards the $70 range.
Last, but not least - Raytheon . Technicals are looking better here as RSI is moving from oversold territory and above 50. MACD has a crossing and the histogram is starting to move into positive territory. The uptrend is intact. Earnings passed, although they are a bit disappointing, financials are looking stable for the company. The company recently won a $290 million contract with the U.S. Navy. That will attract more revenue for the company and will keep it busy in the long-term.
Ferrari bearish swing to 178One of the limits for the year has been triggered by this stock so I am short the stock. I typically close stocks based on weekly close so a weekly close above $235 is my reason to close and potentially switch sides. This trade will be held for weeks once it goes into profit.
I got filled at 221.33 with a SL of $235 and a target of $178
Should this stock close weekly above $230.35 I will manually close it before my intended SL.
This is for entertainment purposes only.
Trading come with risk and you should consult a financial advisor for financial advice.
FERRARI Tuesday, 5 January 2021
13:27 PM (WIB)
Ferrari still in very good control into the downtrend
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
FERRARI Sunday, 3 January 2020
10:31 AM (WIB)
Ferrari, the most beautiful supercar in the world and a fascinating performance between the brand and stylish technology insight. Ferrari was my childhood dream. I want to have this alongside Harley Davidson.
Ferrari has a clean and strong ascending channel with clear support and resistance. The ascending channel shows a willingness to move higher and higher. Right now, Ferrari has on the top of resistance with the double top formation.
I could not found any pattern of formation in the Ferrari chart. But, it is clear to see in my view, Ferrari will starting the correction move to the support lines. I must follow the movement and totally learn the characteristics and behavior of the Ferrari. See you soon, My Love...
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
