Ferrari N.V. Trading Analysis (17/09/2024)

The trend is overall ascending. The stock is trading in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There us a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals a bullish divergence too.

Trading idea:

• Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.
• Stop-loss at 462.00.
• Price targets at 484.00 and 496.00.

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