Hello 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
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.