F1: Ferrari’s (NYSE:RACE) Vettel ‘Vindicated at Hockenheim”

F1: Ferrari’s (NYSE:RACE) Vettel ‘Vindicated at Hockenheim”

$RACE

Sunday, Sebastian Vettel had lots to celebrate on the Hockenheim podium. After problems in qualifying meant he had to start last grid, then he raced his way all the way up to 2nd place, with a great climb up the order that had his home fans in the Motodrom on their feet, roaring him on through every overtaking move, especially the last sequence that took him from 9th to 2nd.

Since he suffered the disappointment of victory eluding him in Montreal it’s been a tough period for Mr. Vettel, and P2 in front of his home crowd at the end of a smartly raced Grand Prix is a super encouragement going forward for the rest of this season.

However, for him and even more so for his team-mate Charles Leclerc, there will be that nagging feeling that once more the team had everything it needed to win, but another victory slid away.

In Qualifying, it looked like Ferrari could outpace the MercedesAMC, and then in the race, there were times where it looked like Charles was on course for a 1st win.

But his hopes were soon mired in the gravel at the final corner. It was his only mistake of the weekend, but it came at a big price. In winning F1 racing there is need for perfection in every area.

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 Neutral to Bullish, overhead resistance is at 163.87, and support at 158.69, all Key indicators are flashing Bearish in here. Ferrari finished at 160.14, -4.54 Tuesday 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.

The final race before the mid-season break is this weekend, with the F1 circus moving to the Hungarian Grand Prix, tune in here.

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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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