Ferrari: buy signal running, positive confirmation at week 2

Ferrari NV is at week 2 of a buy signal, +5% since entry. The confirmation week closed bullish — the signal is confirmed and the case for reinforcing exposure is there. A double bottom pattern in the 277 area with a 14% rebound is building structure on the daily chart. The signal ranks 33rd among the 57 open longs for European-UK stocks, with signal strength at 49 out of 100.