LHA trade ideas
Lufthansa AGLufthansa Historical Chart.
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Lufthansa Long TermLet’s have a look at on LHA chart on very long time frame from 1988 until now
What we can see here is a picture of constant extreme volatily
Historically it seems like prices below 18€ were okay entry points while when the price was above 20€ it mostly always was a good time to take profits or go short
Risk-neutral, anti-cyciclal investors with patience ( at least 1 year ) can buy the stock here with a target of 18€
The draw blue line should offer strong multi year support and a stop loss can be set below at around 9€
tl,dr short-term mildly bearish or neutral, mid or long term mildly bullish
LHA - DAILY CHARTHi, today we are going to talk about LHA
We observe a D1, some important points. The details are highlighted above.
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Lufthansa ready to fly to higher altitudesOof, I will just be honest here, chances like this you won't find often. Longing this like there is no tomorrow.
- Kumo break with some cooldown
- Clear bull div on the renko chart (pretty big brick size)
- 3 bricks printed = my confirmation to go in this case.
- OBV seems to have bottomed out nicely.
Target: 20% longerterm.
LHA, Lufthansa Note the square, Fibonacci 0.78 reman as strong support. Black lines are multi-year significant levels and will be crucial for my next trade. According to RSI, we can see some future drop coming in.
That is the case if values continue to move in 45-25 range.
After all, the dividend is OK, so some long is not so bad to have.