#Ferrari #Vettel #F1

$RACE

In an interview, Ferrari’s Sebastian Vettel said, “I don’t think it is fair to label seasons or races. I know a lot of people tend to say this was my best race or worst race or best performance or worst performance ever. I think it is quite difficult to make that statement because there has been so many races.

“I’m not frustrated. As I said, I’ve been in happier places. I love obviously fighting at the front. I love winning and feeling that you can, you know, obviously achieve great results and that we haven’t done yet. But overall, if you sum it up, it is not the best season start that I have had. But I wouldn’t go as far as frustration.”

It is good to see Mr. Vettel still is not ready to give up on his Y 2020 campaign yet. It’s an uphill battle, but with 11 races to go, trust a multiple title winner to have the belief as well as skills to turn it around. Stay tuned…

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 Key resistance is 195.15, Strong Support is at 187.84.

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

Ferrari finished at 193.81, -1.21 Friday in NY, just off of its all time high at 199.62 marked intraday Tuesday.

The Maranello Outfit’s shares were raised to Buy from Hold at HSBC.

Ferrari will continue to create value the long term as it becomes the world’s 1st Super Luxury brand.

Ferrari is a quality 1st long term luxury products investment, and I called it at it at 200+/share ATV (after the virus) and sided with BAML to 230 long term, then…

Thursday, 13 August I raised my long term target to 300, a Strong Bull call.

Ferrari has an average rating of “Buy” and an average target price at 194.33.

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 ATV 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!

  #Aristocrat, #Bullish, #Bulls, #demand, #drive, #earnings, #F1, #Ferrari, #goods, #investors, #luxury, #racing, #resistance, #stock, #support, #value, #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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