F1: Ferreri’s (NYSE:RACE) Vettel Still on Mission

F1: Ferreri’s (NYSE:RACE) Vettel Still on Mission

$RACE

A lot has changed since Sebastian Vettel won titles with Red Bull Racing and set himself the goal of winning with Ferrari (NYSE:RACE).

There have been a lot of mistakes, but he is not ready to give up his mission to win a championship with The Scuderia.

Contract negotiations are ongoing.

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, there is Key resistance 167.47, and support is 141.00, 2 of my Key indicators have turned Bearish as the stock is very oversold. Technically, it is Neutral with a Bearish bias.

Ferrari finished at 147.01, +12.18 Monday in NY, and 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.

  

Have a healthy day, stay home, Keep the Faith!

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