Ferrari N.V. Trading Analysis (22/04/2025)
The trend is descending. The stock is trading in the range between 365 and 135 ЕМАs. The upward truncated wave structure finished with the breach of the sloping channel. There us a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trade idea:
- Buy on the breach of 429.80.
- Stop-loss at 441.50.
- Price targets at 415.00 and 400.00.
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