TradingView Weekly: Ferrari barometer, earnings, and big techGet ready for the week ahead! Below, we've compiled several interesting ideas recently published by investors and traders on TradingView. This week, earnings season begins with Tesla, Netflix, Intel, and more all reporting. The election is still underway and the technology sector has seen an immediate boost from global lockdowns as more people switch to new technologies. Remember: you can like, share or comment on the charts that grab your attention. You can also follow the authors who are featured below: Explaining the tech boom “Despite what seems to be a bubble, tech stocks are actually reporting solid earnings every quarter. This is especially true because most of the major tech stocks were barely hit by the viral outbreak, if not benefiting from it.” - @Michael_Wang_Official The Ferrari barometer “Ferrari’s chart has all kinds of interesting things happening. The narrative is similar to housing: Existing vehicles are old and prices are rising. Covid or not, there’s a widening sense the industry is recovering – especially with help from China.” - @TradeStation Investing through elections “Just a disclaimer, this is not a political post, so please keep the comments mature! This is a mere observation. We can see that if we bought the dip during any time of these presidencies, we would have profited by holding!” - @XForceGlobal How crypto can rally with stocks “In this study I examine the correlation of Bitcoin and stocks to the US Dollar Index. Stocks do rally when cash is cheap (as seen recently with the massive stimulus), but also when economic growth is healthy.” - Trading-Shot Turkish Lira gets even weaker “The Turkish Lira continues to weaken which we can see in this chart where the US Dollar is displaying dominance over the Lira.” - @Sublime_Trading Patiently watching EURUSD “Every major shift in price trend has start exactly coming out after the weekend. We don't just observe a sudden spike on the first hours after the weekend, which would make it very difficult to monetize this behavior. No, we see a constant and slow price reversal.” - @Trading-Guru : Visualizing economic recoveries “Here are the most common economic recovery shapes and what they mean. A V-shaped recovery means that the economy bounces back quickly to its baseline before the crisis strated, with no hiccups along the way.” - @ridethemacro Script Voss Predicter “I have been sitting on this for over a year, but I now present this Voss Predictive Filter, originally formulated by the great and empowering Dr. John Ehlers” - @midtownsk8rguy Education Keyboard shortcuts “Keyboard shortcuts can save you time and make your charting faster, easier, and more dynamic. Rather than clicking each tool separately, you can use shortcuts to speed up the process.” - @TradingView Thanks for reading and we look forward to hearing your thoughts, comments or feedback. Feel free to share your own charts and ideas in the comments below so we can see what you're watching or trading. Let's have a great week!by TradingView4447
Monster Candle in FerrariFerrari’s chart has all kinds of interesting things happening. The main thing today is the large bullish engulfing candle on heavy volume. RACE tried to open at a low for the week and instantly got bought. Next, the October 6 candlestick initially looked like a win for the bears. But prices quickly returned above $180, resulting in something of kicker pattern: a false breakdown followed by a rebound. Third, RACE has held around the same area where it peaked in February and consolidated in July before breaking out. Is old resistance new support? Finally, there’s confluence with the rising 100-day simple moving average (SMA). Fundamentally, analysts are getting more bullish on RACE and carmakers in general. This week saw price-target increases by Bank of America and UBS. The narrative is similar to housing: Existing vehicles are old and prices are rising. Covid or not, there’s a widening sense the industry is recovering – especially with help from China. Those factors could also provide a tailwind for RACE into its next quarterly report on November 3. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.Longby TradeStation1114
Short Position (Ferrari MIL)The Market is start going Down from now, I do recommend to Sell now. it's a short Position. Shortby mohammed90080
RACE BUY OR LONG ,TARGET UP TO $220 RACE confirms the "Cup and Handle" pattern but with a little resistance at $ 183, I suggest you buy at $180 + $185 at the ratio (50% + 50%). RACE buy : $180 + $185 at the ratio (50% + 50%). RACE target : $220 Stop loss : 10% Wish you good deals! Longby VictorStone99Updated 5
RACE Speculative Trend BreakoutENTRY: Above 155.5 STOP: 151.4 TARGET: 166.5 RISK MAX: 0.25% CapitalLongby alexcryptoUpdated 4
😯 Ferrari Could Be MASSIVE For Bears! (RACE)💰 LET'S GET INTO SOME FERRARI ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🐻 Bearish - This one could be massive as a potential triple top crown could be in motion. We are now approaching the highs of the previous last 2 major structures. This could be a huge money maker for a bear! - Let's also notice that we do have some lower lows on major structures. Failure to break higher will result in a massive drop I believe. - I'm looking to play this one on a timeframe like the weekly for a turn around and hold a long term position. Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤ Thanks for checking out our analysis! ✌😁✌ 🥇MLT | MAJOR LEAGUE TRADERby UnknownUnicorn2319099Updated 3361
RACE 8H: 15% correction & best level to RELOAD/BULLS(NEW)Why get subbed to to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates RACE 8H: 15% correction & best level to RELOAD/BULLS(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: RACE 8hour chart review ::: heavy resistance ::: 15% correction up next ::: 147 USD key S/R level ::: and best reload bulls later ::: right not STAY OUT / SHORT IT ::: good luck traders 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9/Combo update: N/A ::: Sentiment: BEARS ::: Sentiment outlook short-term: BEARISHShortby ProjectSyndicate1194
RACE: $165 Long TargetFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said Ferrari is doing quite well for itself. Among their line of 2020 cars included are the Portofino, GTC4Lusso, F8 Spider, F8 Tributo, 488 Pista, 812 Superfast, SF90 Stradale, etc. The list of new and old cars is ever growing. Many people don't know this, but Ferrari makes alot of different luxury cars. I mean they, just like most car manufacturers, have a long list of product skews. Ferrari's production output of vehicles doesn't have to be that high given the price in comparison to other companies. However, with a nearly $30 billion dollar market cap, they are likely over 8x their yearly revenue in value over the traditional 300 to 330% that goes into valuations. This is because Ferrari unsurprisingly has brand value. Brand value increases equity value. This is why I see (with some resistance), the bullish run continuing to positively retrace towards the $165 price point.Longby gamer4561482
Ferrari might be ready to break out higher$RACE is showing a lot of strength and might not slow down soon. 🏎 Look to get in around the bottom of this trend line as it (presumably) marches higher. Having broken out above a long term resistance point, I wouldn't be surprised to see some consolidation and another leg higher. The turn in moving average is interesting. That suggests it might be in more of a "mean altering" mood than a "mean reversion" mood. Look to get long around 165.Longby dotpem5
Offer FERRARI N V DailyHey traders, **DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Option FERRARI N V is in a compression zone it may be possible to break it with force and to go above its previous one above. Please LIKE & FOLLOW, thank you!Shortby stephanelibatd4
Short Ferrari on Rising Wedge PullbackWho's going to be buying Ferrari's during a depression? Plus TA shows price breaking rising wedge, now pulling back and has been hugging the support line break for dear life, desperately trying to get back in. It's DOA - time to short.Shortby PontusTrader4
RACE - CONSOLIDATION PATTERNRESISTANCE TESTED. IF FAILS.. IT WILL DROP. IF THE RESISTANCE PENETRATED, WAIT FOR IT TO BE TESTED AS A SUPPORT, THEN OFF YOU GO LONGby amjoe2
Ferrari ready for purchase after big sell off.Ferrari shows growth on the MACD and RSI after high volume sales. Has support at $167. by SaintJoseph5
Ferrari long idea by bluepiplong in levels and following price... my first milan exchange analyze :)) leave me your like and comment's about my analyze on the posts .... Longby BluepipUpdated 3
Ferrari updateStock broke the uptrend line, retested it and now retests the green buy zone. Potential to short the break lower and target the first fib level at 38.2%, also 200SMA on daily is catching up to that level. A buy is possible is price starts to close the gap back up to 160 level, wait for impulsive move higher for confirmation. Good Luck!by Antonio_trader10