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.
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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