$RACE

Ferrari (NYSE:RACE) topped both Friday practice sessions at the F1 German Grand Prix with Sebastian Vettel and Charles Leclerc claiming a session each, as MercedesAMG struggled at a very hot Hockenheim track

Europe is in the middle of a Saharan heatwave, with temperatures far warmer than normal, and this is proving to be a difficult problem for MercedesAMG.

Thunderstorms and rain are predicted for the rest of the weekend, it could become a real exciting race.

“I think it’s so hot that all of the teams are plateauing on the grip level,” MercedesAMG boss Toto Wolff said. “You overheat the tire surface at a certain stage and you cannot extract any down-force anymore.

“The day’s ambient temp is a complete outlier to tomorrow, so it is very difficult to judge where we are.”

FP2 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 Very Bullish, overhead resistance is lite at 176.44, and very strong support at 166.10, all Key indicators are Very Bullish in here. Ferrari finished at 167.51, -0.51 Wednesday in NY.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term investment, and I see it at 200/share in that frame.

Stay tuned, there is F1 racing this weekend in Germany click here for the schedule

  Aristocrat, brand, champion, F1, Ferrari, German, Grand, Hockenheim, investment, Italian, luxury, Prix, race, racing, resistance, Scuderia, stock, Supercar, support, value, Verstappen, Vettel

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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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