Lufthansa contrarian long - for the brave
Lufthansa 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
Note
Earnings are coming up - important to see the reaction to how bad they areTrade active
Almost a lift off but nothing to be excited about yet. Stay long - cautiousTrade active
Lighten up on the long - summer will be volatile, reduce by 25-50%
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.