– Ferrari reversed from round resistance level 500.00
– Likely to fall support level 440.00
Ferrari recently reversed down from the resistance zone between the round resistance level 500.00 (previous yearly high from 2024) and the upper weekly Bollinger Band.
The downward reversal from this resistance zone is likely to form the weekly Evening Star Doji – if the price closes this week near the current levels.
Given the strength of the resistance level 500.00 and the overbought daily Stochastic, Ferrari can be expected to fall to the next support level 440.00.
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