TSLA? FB? Pigflix? .....AMZN? No way. I have one that'll put ALL those charts to shame. RACE. Ferrari. Don't short it though. It only goes up and earnings are next week. Funny money has to be spent somewhere. Might as well buy a race car.
France and UK announced this month that only all-electric new cars will be legal from 2040. Other countries will follow. Ferrari said last year they will never do an all-electric car. They will have to back track on that one i think. But in the mean time they will be way behind on technology. And no one will pay premium prices for inferior technology.
They're not in the business of cars, rather luxury/ exotic merchandise, heirloom business. Read professor Aswath Damodaran's ( Columbia) take on Ferrari.
The Mercedes F1 hybrid engine is 49% efficient. When this technology gets to road cars then they will be competitive with electric.
%% Great 20 day chart, pretty perfect; HMC looks much better ,chart + fundamentals ,max data NOT a stock tip or prediction
RACE is not the best example. That stock only has a little only one year history. My pick would be Fiserv (FISV)! It's been parabolic since around March 2009.
breakout! https://finance.yahoo.com/news/ferrari-celebrates-70th-anniversary-18th-190500460.html https://finance.yahoo.com/news/collectors-spent-327-million-vintage-160511000.html