Ferrari might be ready to break out higher

RACE is showing a lot of strength and might not slow down soon. 🏎 Look to get in around the bottom of this trend line as it (presumably) marches higher. Having broken out above a long term resistance point, I wouldn't be surprised to see some consolidation and another leg higher.

The turn in moving average is interesting. That suggests it might be in more of a "mean altering" mood than a "mean reversion" mood.

Look to get long around 165.