Ferrari has been under my radar for a while now and it's finally giving me the chance to own and trade some shares. After a correction pattern on the weekly and daily charts, price on MIL:RACE has been consolidating around 410 and 225 without re-testing the 375-350 area, this flat price action on MIL:RACE for the last 160 days shows me bullish strength and a...
Ferrari has been under my radar for a while now and it's finally giving me the chance to own and trade some shares. The flat price action on MIL:RACE for the last 160 days shows bullish strength and a high probability for the long pattern to play out. A half risk position has been opened with a 6% Stop Loss.
Fundamentals aside, NYSE:AZO price chart is showing the 2,740 2,800 zone as a respected support. Stock price has been around the 200 EMA D (55 EMA W) zone for 20 days while it went into an increasing negative momentum. Now the strength of the down trend started to fall as it looses negative momentum, this is a known pattern with a high probability for the price...
Hertz Global Holdings NASDAQ:HTZ , a major player in the global car rental industry and my go to option when renting a car, is navigating a complex landscape marked by increasing competition, technological disruption, and corporate reorganization. Hertz Global Holdings, renowned for its Hertz brand, offers short-term vehicle rental services to individuals and...
NASDAQ:HAS stock price has lost 40% in the past couple months. The strength of the bearish trend is strong in the short term . A strategic long position could be built to take advantage on a rebound in the next months. For the long term, a position could be opened in the incoming weeks to be exposed in the market. Why Long? Extended stock price from...
NASDAQ:AAL price is testing 2010 highs which proved to be a resistance level during the 2019-2020 global health crisis. As the bearish momentum is strong on weekly charts for the stock and the overall market, American failed estimated revenue by (0.18%) on a 43% overestimated Q3 earnings report, Daily price action and momentum are showing a stabilization pattern...