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Antonio_trader
18 sept. 2018 14:03

Ferrari 

Ferrari N.V.NYSE

Description

The Ferrari chart offers good opportunities to get into this stock. Currently at a resistance level for a few days now, pushing of the 100 SMA. A break above 136 is a trigger for a long trade. Alternatively a small risk on shorting the bounce of the resistance, though waiting for it to push lower than 100 SMA would provide better confirmation.

Commentaire

Commentaire

Commentaire

We had a retest of the broken level, which was great to add another position if you haven't already. Now let's see how this goes, stops remain in place for now.

Commentaire

Commentaire

Price continues up , now approaching 140 round number. If a pullback happens to confirm the level, new long opportunities to add to the trade will appear. At this point we could start moving stops from the very first position.

Commentaire

Commentaire

After bouncing of the 140 level, today price breaks higher, another long position added.
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