update
correcting same as ford
looks like cup 'n handle is formed on daily frame
wait for the handle to fully play out it's correction than the wizard is bullish
safe trading
wiz
bottomed out around 20
expecting to get another chance for a long under 21 because indicators of shorter timeframes show signs of slight correction
try to get anything between 19-20.5
safe trading
CHXEUR:LHAD
Lufthansa touched today a significant Fibonacci level, the 0,382 of the previous 3rd wave. The time length of the correction is also eligible, so everything is given to begin its 5th wave. I should also mention, that the next (0,5) Fibonacci level is under the top of the 1st wave, so if it reached then the wave counting would prove incorrect because...
Lufthansa announced record earnings after this year's acquisitions of Air Berlin and Brussels Arlines. Strengthening ties with US companies is also a good sign and efforts to make the company as lean as possible seem to have pleased markets. Technically the surge since Trump's election has been impressive and the recent double bottom points to potential...
Good opportunity here to see price movement. Lufthansa has dropped by -5.61% since the last trading day.
The average target price for this stock calculated by the analysts is €31.10 (provided that market is in bull mode).
Deutsche Lufthansa has a trailing twelve months PE ratio of 8.5 and P/CF is 4.5 (which is better than the industrial sector average)...
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
I just did a quick technical analysis to try out how it works. I think the chart speaks for itself (because of the remark). I am thankful for any comment or criticism. Best regards Gregor
Opening prices: LHA@12,33$ RWE@12,50$ UN01@13$
Closed all positions at 22,80$, 20,25$ and 23,17$ respectively.
Here i figured i would just let loose for now and liquidate these positions. For the moment they all seem topped out and with elections coming up in Germany i figured: Take the money and run!
Will be doing some further charting on these in the future...
Lufthansa is the biggest German Airline and best performing stock in the DAX. At the moment the story is the takeover of bankrupt Air Berlin. In my opinion there is a lot of early praise in the stock, so it might have reched or be close to it´s peak. Also, from a technical side, there is a big resistance in front of the door. So LHA is still in an uptrend, but...
