I'm expecting Ferrari stock to enter (longterm?) downtrend on friday the 15th. The marketprice might be overstated for the quarter earnings. It has already entered a short downtrend. After that it stabilizes a little bit. The stabilizing support line is stagnating while the longterm resistant line is falling. The lines will cross on 16th of aug. Thats weekend. So I would expect a fall on 15th of aug.
*sidenote* I just started experimenting with trend lines on charts this day (new to investing). It could be real bullshit what I'm selling, but I don't know. Please let me know what you think of this theory. All critics are welcome.
*sidenote* I just started experimenting with trend lines on charts this day (new to investing). It could be real bullshit what I'm selling, but I don't know. Please let me know what you think of this theory. All critics are welcome.
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