Morning Trend | Ferrari continues to rise, is the breakout window about to open?

Ferrari (RACE.US) has recently seen a surge in discussion within trading communities, with significant inflows of capital from major players over several days, creating a very active market atmosphere. In the past three days, the stock price has repeatedly tested the previous high resistance zone and closed with a strong bullish candlestick yesterday. Many traders in the community have expressed that major institutions are quietly building momentum, and a breakout is imminent! Currently, bullish confidence has significantly increased, and the divergence of funds near the top resistance line has also escalated. From the market perspective, participation enthusiasm is high, and short-term chips have changed hands multiple times, effectively cleaning up floating chips. On the news front, Ferrari's sales of several new models have continuously hit new highs, and the annual report expectations have released positive signals, with the R&D layout direction also receiving praise from institutions. Under these catalysts, there are strong signs of capital positioning by giants. From a technical perspective, both the daily MA and MACD continue to trend upward at high levels, with support levels clearly rising. The upper Bollinger Band has been touched multiple times, and the trading volume during the day has not shown significant shrinkage. The upward space is gradually opening up, and the short-term back-and-forth consolidation may be a buildup for the main upward wave. The next key point will depend on the coordination of volume and the absorption of high-level chips. If the volume continues to increase during the day and successfully breaks through the historical resistance zone, the trading range is expected to extend upward to $320 or even higher. Conversely, if the volume decreases or there is a significant pullback, caution is still needed regarding the pressure of capital realization. Amidst the community discussions, participants are advised to closely monitor market fluctuations and guard against the risks of chasing after false breakouts. Overall, the short-term breakout opportunities are gradually increasing, and attention should be paid to the next moves of the major players!