LHA seems to have done a wxy correction down meaning we should expect an impulse up next. I am waiting for a wave 2 correction to finish and then will look to enter a long position. Based off likely wave 2 targets, this trade will have about a 68% upside potential, and if it were to hit SL, the loss would be -24%. At this point just keep an eye on the wave 2 and...
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...
Lufthansa arrived to an area or level which has been already tested for a few times. The company has announced a further cut not only to its workforce, but also to its fleet #news. This effect can move the stock price in a higher area, a doji candle has already appeared, moreover it seems that another one is preapering to happen #candlestick. In my opinion, it...
FA:
After receiving a bailout from the German government, Lufthansa proceeded to rally but was not able to take out resistance and has thus retraced to the lower 8-9 zone
Restrictions have been lowered and travel within Europe is now picking up again; with the Business travelers being one of the main customer groups for Lufthansa
Budget airlines are set to...
Hi,
Strong support 8.000 - 9.000
Technical criteria:
1) Historically worked support level. 1995, 2003, 2009, and 2012. All rejections have been extremely profitable.
2) 2x equal waves from the top AB=CD
3) Fibonacci Extension 162% and 127%
4) Orange minor trendline third touch
5) Channel projection lower trendline worked perfectly
Regards,
Vaido
Deutsche Lufthansa AG, commonly known as Lufthansa, is the largest German airline which, when combined with its subsidiaries, is the second largest airline in Europe in terms of passengers carried. With the support it received to rescue it during this pandemic, it should be expected that it will definitely survive the pandemic
According to the current trend of...
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.
Technical Analysis:
The top trendline has been broken, it seems that the a new rally has started and the idea is to go long.
Fundamental Analysis
Lufthansa surged 7.5% as its supervisory board approved a 9 billion euro ($10 billion) government bailout for the airline, driving Frankfurt-listed shares (GDAXI) up 2.6% to its peak since March 5.
