F1: Ferrari (NYSE:RACE) Team Boss Pledges to Bring Upgrades to Race this Weekend

F1: Ferrari (NYSE:RACE) Team Boss Pledges to Bring Upgrades to Race this Weekend

#Ferrari #F1 #GrandPrix #Austria #upgrades #BLM #RACE #SF1000

$RACE

Ferrari has pledged to fast-track as many of the upgrades it had planned for the 3rd race, the Hungarian Grand Prix, for this weekend’s race in Austria.

The Red Bull Ring is set to host its 2nd race no fans race in 7 days, the Styrian Grand Prix.

Sebastian Vettel said the SF1000 was not recognizable as he endured a difficult 1st race weekend with The Scuderia since confirmation of his exit the iconic team in Austria, which included missing Q-3 Saturday and then a 10th place finish Sunday following a shunt with Carlos Sainz.

His teammate Charles Leclerc however worked his way from 7th on the grid to 2nd in the race.

According to Mr. Webber, a 9X Grands Prix winner who spent 5 yrs as Mr. Vettel’s teammate at Red Bull Racing, Seb looked “empty” after the Austrian race a sign that the “marriage is over“. And taking a knee in a black T in support of Black Live Matter aka #BLM, the Marxist Communist terrorist organization with Black rival Lewis Hamilton, what was that about?!

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 Bullish with a Very Bullish bias, the resistance is Nil, and Key support is at 173.99.

Our overall technical outlook is Bullish in here, as all Key indicators are Bullish to Very Bullish as it approaches its all time highs at 179.21 marked on 18 February 2020.

Ferrari (NYSE:RACE) finished Wednesday at 175.91, +2.40 in NY just shy of its all time highs.

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 day, Keep the Faith!

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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 it 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.