Lufthansa buy
Updated
Lots of subjects and things to talk about, like climate change, politicians meeting each other in Scotland with no real results and Lufthansa just pronouncing that they are making profits again.
Technical analysis: Beginning of march 2021, a downtrend channel started, green is a very strong and solid support. RSI showing a bullish div, even tho we haven't a lower low, but it's quite on a similar level!
Breaking out of the downtrend channel is a strong signal. Hypothetically, we might get a Eve&Adam formation, but only if Lufthansa breaks the 9.11 ish level, then we definitely have more room to get up to 13.50 Euro. This would also line up with the 0,5 Fibs level, and my last target. But all this is just a hypothetical possibility, we do not try to predict the future, let's see what price action shows.
Technical analysis: Beginning of march 2021, a downtrend channel started, green is a very strong and solid support. RSI showing a bullish div, even tho we haven't a lower low, but it's quite on a similar level!
Breaking out of the downtrend channel is a strong signal. Hypothetically, we might get a Eve&Adam formation, but only if Lufthansa breaks the 9.11 ish level, then we definitely have more room to get up to 13.50 Euro. This would also line up with the 0,5 Fibs level, and my last target. But all this is just a hypothetical possibility, we do not try to predict the future, let's see what price action shows.
Trade active
As expected a strong buying signal. 4h Chart prints a bearish div, I expect a profit taking and retrace for the next trading days! Good chance to get in the trade around 6,4
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