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entropycapital

Lufthansa contrarian long - for the brave

Long
LUFTHANSA AG VNA O.N. (XETR:LHA)  
entropycapital Updated   
XETR:LHA   LUFTHANSA AG VNA O.N.
Support and Resistance Fundamental Analysis lufthansa aviation germany airlines bailout
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supportandresistance fundamental lufthansa aviation germany airlines bailout
LHA trading near long term base around 7 to 8 EUR. Expect a short term rebound after bailout is approved (as it will be) followed by a long and difficult recovery. Position small long if & holds. No miracles about to happen in this battered sector but lower competition going forward and higher fares plus lower fuel prices will help a lot.

Flights seem also to be leveling off : https://www.flightradar24.com/data/statistics
Comment:
Earnings are coming up - important to see the reaction to how bad they are
Trade active:
Almost a lift off but nothing to be excited about yet. Stay long - cautious
Trade active:
Lighten up on the long - summer will be volatile, reduce by 25-50%
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