#F1 #Ferrari #Styrian #GrandPrix #crashout #Vettel #Leclerc #Austria

$RACE

Both Ferraris collided at Turn 3 causing an immediate safety car to allow the Marshals to clear the track of debris.

Sebastian Vettel drove into the pits with no rear wing, while Charles Leclerc who initiated the contact by lunging up the inside needed a fresh front wing.

Mr. Vettel’s car was retired immediately, while a sorrowful Mr. Leclerc continued with floor damage, he retired 2 laps on.

The Highlights

F1 Styrian Grand Prix race results

Ferrari is The Aristocrat of the automotive sector.

Enzo Ferrari’s iconic Italian Supercar manufacturer claimed the title according to the latest Brand Finance Global 500 2019 report launched at the World Economic Forum in Davos

HeffX-LTN overall technical outlook for RACE is overall Very Bullish, the resistance is Nil, and Strong Support is at 175.52.

Our overall technical outlook is Bullish in here, as all Key indicators are Very Bullish.

Ferrari (NYSE:RACE) finished Friday at 179.0, +1.44 in NY, just shy of its intra-day all time highs at 180.36 marked on 19 February 2020.

The Maranello Outfit’s shares were raised to Buy from Hold at HSBC.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I have called it at it at 200+/share long term, adjusting it to 200/share short term (after the virus) and siding with BAML to 230 long term for now. The stock is now considered defensive in the sector.

Have a healthy week, Keep the Faith!

  #Aristocrat, #Austria, #automotive, #Bullish, #crashout, #defensive, #F1, #Ferrari, #FUV, #goods, #GrandPrix, #Leclerc, #luxury, #race, #resistance, #Scuderia, #sector, #SF1000, #stock, #Styrian, #support, #value, #Vettel

The following two tabs change content below.

• Bio
• Latest Posts

Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

Latest posts by Paul Ebeling (see all)

• Keeping a Pet is a Proven Strategy for Coping with Stress - January 27, 2021
• Stanford University Study: Lockdowns Have Not Provided Expected Benefits - January 27, 2021
• US Home Prices Rise at Fastest Rate in 6+ Years - January 27, 2021