FERRARI NV: WEEKLY SCENARIO – 24 FEBRUARY 2022 

FERRARI NV: WEEKLY SCENARIO – 24 FEBRUARY 2022 

Technical Analysis

FERRARI NV Technical Analysis: Weekly Chart

FERRARI NV Technical Analysis

In the weekly charts, FERRARI NV is trading in the down channel.

It is trading below all SMA.

The immediate support is 181.65 & the resistance level is at 192.61.

FERRARI NV is trading in the down-channel until there is a trend reversal.

FERRARI NV Technical Analysis: Daily Chart

FERRARI NV Technical Analysis

In the daily charts, FERRARI NV is trading in the down channel.

It is trading below all SMA.

The immediate support is 182.95 & the resistance level is 189.20.

FERRARI NV is trading in the down-channel until there is a trend reversal. 

How to Trade FERRARI NV this Week:

FERRARI NV will follow the downtrend until their trend reversal. So, remain bearish on FERRARI NV

TRADE SUGGESTION- SELL AT 184.30, TAKE PROFIT AT 182.95 AND STOP LOSS AT 189.20

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