F1: Ferrari (NYSE:RACE) Australia Did Not Represent Our “Real Potential”

F1: Ferrari (NYSE:RACE) Australia Did Not Represent Our “Real Potential”

$RACE

Ferrari (NYSE:RACE) were the favorites as they headed to the F1 season opener in Australia after dominating pre-season testing.

But in the end they didn’t make the podium, let alone trouble the top step. 

The Big Q: Was talk of a genuine title tilt premature?

The Big A: Ferrari boss Mattia Binotto does not think so, as he reckons we have not seen the real potential of the SF90 yet…

Albert Park’s bumpy, low-grip temporary race circuit is a world away from the high-grip, high-speed Circuit de Barcelona-Catalunya, and that is perhaps 1 Key reason why Ferrari failed to transfer their impressive speed from testing to the opening race of the season.

Both Sebastian Vettel and Charles Leclerc who finished 4th and 5th respectively spoke of failing to find the right balance at any point during the weekend, the SF90 simply lacking the grip it delivered in Barcelona as Ferrari chased set-up.

“Conditions here are certainly different to Barcelona,” said Mr. Binotto. “It’s more bumpy and quite a lot windier as well plus different temperature and weather conditions. So there are certainly external factors that may have influenced the performance of your car.

“We didn’t find the right window or the right balance on the car. It’s not fully understood yet. Something that we need to try and understand. One thing that we are certain of today and this weekend is that it is not the real potential of our car.

“We are pretty sure that the potential is certainly bigger, and we have not been able to exploit it through the weekend.”

Traditionally, Ferrari tend to make improvements as the weekend goes on, particularly from Friday into Saturday, but that was not the case in Australia, something which Mr. Binotto described as “unexpected”.

The Scuderia tried a number of different set-ups at the weekend, but none of them seemed to work, leaving them with plenty of analysis to do back at Maranello HQ before the next race in Bahrain on 31 March.

“Normally you’re always hoping to address and improve the situation through the weekend when you’ve got some issues of balance in the setup,” he said. “It didn’t happen. Why? I think again we need to bring all the data back and try to analyse.

“We are still confident that is not the potential of our car. But I think it will be a good lesson learned. I think if we do identify what was the issue, we can be back even more stronger.”

Ferrari is 2nd on the constructors’ championship on 22 points, 22 adrift of leaders Mercedes and 7pts clear of Red Bull Racing.

The 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.

Ferrari is the Aristocrat of the automotive sector.

HeffX-LTN overall technical outlook for RACE is Bullish across the board, and there is very little resistance here and none above 140.26. All of our Key indicators are Very Bullish in here.

Stay tune…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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