Morning Trend | Ferrari tests $380, is an oversold rebound window coming?

Ferrari (RACE.US) once again approached the year's low of $380 during last night's trading session, sparking heated discussions in the community about whether this wave of decline under pressure from luxury car consumption is the 'last drop.' Several community experts have repeatedly pointed out that the consumption status of high-income groups in the U.S. and Europe has recently cooled, compounded by inflation and high interest rates, leading to a shrinking demand for large orders becoming the short-term main theme. However, bottom-fishing funds are still occasionally testing the waters, and traders looking to go long and catch the bottom are also paying attention to the short-term speculative value brought by the overselling. Currently, both the daily RSI and MACD have entered a clearly oversold zone, and some transactional investors have indicated that theoretically, around $380 is a possible rebound position for speculation. If trading volume can gradually increase and short-term funds are willing to step in, there could be a 'sharp rebound' type of market at any time, but the main force's patience and the overall market environment have not yet loosened. From the market perspective, the main force is still adopting a defensive posture, not in a hurry to scoop up shares, and many traders in the community prefer a 'bottoming and accumulating' strategy: once there is a marginal improvement in U.S. and European consumption data, the opportunity for a rebound from overselling may arise in just one day. If there is a sudden increase in volume to retest the $380 level, high-frequency players in the community are generally poised to seize short-term opportunities, which could lead to a remarkable intraday market. One point to note is that if $380 is breached and volume increases accordingly, the selling pressure from previously trapped positions may lead to a brief loss of control, with a probability of sliding into a lower range. In summary, Ferrari's current oversold range around $380 has become the focus of market speculation, with community observation funds closely tracking the situation