$RACE is looking bullish.......maybe.... Here's my findings.

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$RACE is looking bullish.......maybe.... Here's my findings. Ferrari NVNYSE:RACEMerloClover-PugetPointCapital Target High - 400 Target Low - Flat 330 Using my personal study called "Doodle Noodles" I've plotted out the following. which is a loose track of momentum, fibs on time and price, market phycology. Red - Resistance Green - Support Orange - Aggressive resistance Purple - Trends that appear to align with forecast all forecasts were taken from the yellow box highlighted. Green Forecast line mirrored - bull case we tap 400 but struggle to break 420. which is also Febs highs, Novs lows, and March - August 2024s chop zone. Orange Forecast line no change exact pattern - we chop until September then re-eval. but it would be a falling wedge that would be likely bullish potentially climbing back up to the 350 range. With the RSI and Macd at the most low readings ever on a 1 week chart my forecast is on the green line. However, geopolitical risk still owns the market so if things continue to worsen globally we might just take the chop route. Their financials, orders, and accounting are solid so it wouldn't be any fault of their own just market dynamics at that point. Short interest has been building but looks like it's easing off just a little bit. the market is aware of the upside risk or at least getting the hint. Institutional Holdings are still very strong 2025 Q4 had a slight jump up from the trend My X post with the other data points i mention. https://x.com/PugetPointCap/status/2039015646131102193?s=20