F1: Ferrari (NYSE:RACE),What Went Wrong in Australia?

F1: Ferrari (NYSE:RACE),What Went Wrong in Australia?

$RACE

Ferrari’s (NYSE:RACE) deficit to MercedesAMG was a big surprise at the Australian Grand Prix weekend, particularly given that The Scuderia ended F1’s 2 weeks of pre-season testing at Barcelona as the clear early favorite.

Down under, 4X champion Sebastian Vettel qualified 3rd, but was more than 7/10’s slower than MercedesAMG’s Polesitter Lewis Hamilton, and dropped to 4th in the race after being passed by the Red Bull of Max Verstappen.

But, despite the team’s on-track struggles, Mr. Vettel said he had “way less grip” throughout the weekend than in testing at Barcelona, that being evidence of a change in atmosphere and was clear after race, as Mr. Vettel, new teammate Charles Leclerc and team boss Mattia Binotto were quick to admit Ferrari was not as fast as it had expected to be.

Jack Cozens and Ben Anderson join Glenn Freeman analyse Ferrari’s weekend and explain why there is no reason for the team to panic just yet.

Here is the link to Jack and Ben’s MotorsportTV’s video discussion of the Ferrari in the race

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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