Ferrari: ⬆️ Buy
– Ferrari reversed from key support level 403.00
– Likely to rise to resistance level 435.30
Ferrari recently reversed up from the key support level 403.00 (which stopped the previous minor correction A), lower daily Bollinger Band and the 38.2% Fibonacci correction of the impulse (3) from July.
The upward reversal from the support level 403.00 stopped earlier minor impulse wave 1 – that belongs to the intermediate impulse wave (C) from the end of August.
Given the oversold daily Stochastic, Ferrari can be expected to rise further to the next resistance level 435.30.