Lufthansa - 30D expiry - We look to Buy at 5.033 (stop at 4.789)
Trading close to the psychological 5.000 level.
Short term bias is bearish.
Support could prove difficult to breakdown.
Support is located at 5.000 and should stem dips to this area.
Dip buying offers good risk/reward.
Our profit targets will be 5.747 and 5.937
Resistance: 6.000 / 6.300 /...
Hello,Traders!
LHA is a german airline giant in distress due to covid travel restrictions
However, the company is still great and it is bouncing from the absolute lows!
So the reversal has already begun and there are 3 targets on its way UP!
Also, on the fundamental side, it is the too big to fail case
Which means the german Government will certainly Bail...
That Lufthansa should have been sent into insolvency would probably have been the best option to restructure the company.
Existing shareholders, above all Heinz Hermann Thiele, would have lost their money (capital market risk) and the entire bondholders would have had to convert their bonds into new shares (debt-to-equity).
Lufthansa would be a debt-free company...
Looks like LHA is about to break up in short term view. It is not clear yet if the financial support of the german government will give enough boost to break above 12 €. This would clear the way for a strong up move.
Lufthansa AG #LHA Stock supply and demand long term analysis. Very strong monthly demand zone around 20 price area for long term buy setups. This will take some time to happen. New weekly demand zones being created higher for a shorter term position. After such a strong rally in price a bigger retracement is expected
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
Break Downs (Dax Index incl. all shares)
drive.google.com
Best regards :)
Aaron
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
Break Downs (Dax Index incl. all shares)
drive.google.com
Best regards :)
Aaron
