#F1

$RACE

Ferrari’s (NYSE:RACE) Charles Leclerc misses the cut, as Lewis Hamilton and Max Verstappen impressed, Sebastian Vettel made it to 10th.

The Styrian Grand Prix kicks off at 1510 local time, which is 1210 UTC. Conditions will be completely different Sunday, the rain making way for warm and Sunny conditions which have been a fixture in Austria since the F1 teams arrived last week

On the Grid

Q1 107% time – 1:23.661

Note – Norris penalised 3 grid places for overtaking under yellow flags during FP1.

Enjoy the racing Sunday, click here for the start times around the world.

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 overall Very Bullish, the resistance is Nil, and Strong Support is at 175.52.

Our overall technical outlook is Bullish in here, as all Key indicators are Very Bullish.

Ferrari (NYSE:RACE) finished Friday at 179.0, +1.44 in NY, just shy of its intra-day all time highs at 180.36 marked on 19 February 2020.

The Maranello Outfit’s 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. The stock is now considered defensive in the sector.

Have a healthy weekend, Keep the Faith and enjoy the F1 racing!

  #Aristocrat, #Austria, #automotive, #Bullish, #defensive, #F1, #Ferrari, #Free Practice, #goods, #Hamilton, #Leclerc, #luxury, #race, #resistance, #Scuderia, #sector, #SF1000, #stock, #support, #testing, #upgrades, #value, #Verstappen, #Vettel

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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