F1: Ferrari (NYSE:RACE) Struggles, Pressure on Binotto

F1: Ferrari (NYSE:RACE) Struggles, Pressure on Binotto

$RACE

After MercedesAMG claimed its 3rd 1-2 finish of the 2019 F1 season, pressure is rising again at Ferrari (NYSE:RACE).

Yes, Ferrari won the testing battles, but it needs to make good on that potential on the race course and fast.

There are going to be some Key days ahead in Maranello, and the time for Ferrari team principal Mattia Binotto to start asking Questions of the people around him, otherwise others might just be starting to ask questions of him given his team’s disappointing start to the 2019 F1 season, that according to 1 Motorsports journalist.

The season is 3 races in and, for whatever reasons, Ferrari has not had the results that the car’s performance suggested in pre-season testing.

Recall that in Bahrain 2 weeks ago, Ferrari found that speed again but mistakes were made that meant MercedesAMC still came away with a 1-2 finish. And in China Ferrari did not have the speed. Melbourne spoke loudly too.

Ferrari has a long way still to go, and you can be sure the Italian Motorsports press will not let up laying the pressure on The Scuderia.

Ferrari is the Aristocrat of the automotive sector.

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 tuned…

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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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