Over the past week, Ferrari has been receiving a lot of criticism following the launch of its new EV model, the Luce.
Many investors quickly linked the recent decline in the stock price to the mixed reactions seen online, claiming the market was disappointed by the new EV model.
But is that really what's happening?
The Fundamental Side 📈
Despite the recent negativity, Ferrari continues to enjoy one of the strongest business models in the automotive industry.
Perhaps the most important fact is that Ferrari is reportedly fully booked with orders until late 2027.
That's not the profile of a company struggling with demand.
The TRIO Retest 🔑
From a technical standpoint, RACE is approaching what I call a TRIO Retest.
This is the intersection of three major bullish confluences:
1️⃣ The demand zone marked in red.
2️⃣ The long-term rising blue trendline.
3️⃣ The psychological $300 round number.
When multiple support factors align at the same level, they often create a stronger reaction zone than any individual support on its own.
Trading Outlook 📊
As long as this TRIO Retest holds, we will be looking for trend-following long opportunities.
The current correction may feel uncomfortable, but historically, Ferrari has shown that strong trends often go through deep pullbacks before continuing higher.
The market is currently focused on the Luce launch.
The chart is focused on structure.
And right now, structure suggests that Ferrari is approaching one of the most important support zones it has seen in years.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Many investors quickly linked the recent decline in the stock price to the mixed reactions seen online, claiming the market was disappointed by the new EV model.
But is that really what's happening?
The Fundamental Side 📈
Despite the recent negativity, Ferrari continues to enjoy one of the strongest business models in the automotive industry.
Perhaps the most important fact is that Ferrari is reportedly fully booked with orders until late 2027.
That's not the profile of a company struggling with demand.
The TRIO Retest 🔑
From a technical standpoint, RACE is approaching what I call a TRIO Retest.
This is the intersection of three major bullish confluences:
1️⃣ The demand zone marked in red.
2️⃣ The long-term rising blue trendline.
3️⃣ The psychological $300 round number.
When multiple support factors align at the same level, they often create a stronger reaction zone than any individual support on its own.
Trading Outlook 📊
As long as this TRIO Retest holds, we will be looking for trend-following long opportunities.
The current correction may feel uncomfortable, but historically, Ferrari has shown that strong trends often go through deep pullbacks before continuing higher.
The market is currently focused on the Luce launch.
The chart is focused on structure.
And right now, structure suggests that Ferrari is approaching one of the most important support zones it has seen in years.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
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Trusted CFD Broker
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Trusted Crypto Prop Firm
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.