LUFTHANSA: TOO BIG to FAIL,Trade 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 suffer due to Corona Virus flight regulations, thus airlines such as Lufthansa are a good buy
TA:
Following an Upward trend and is following Fibonacci levels; if we break the level on the next proceeding run especially if the actual earnings are higher than the estimate; it could be enough to rally above the lows since the beginning of the outbbreak
Set Stop Losses below the trendline and below the support levels to prevent being stop hunted
-Megalodon Whales (Rahim)
Trade safe and you are welcome to comment with your opinions or post your ideas below :)
XETR:LHA SWB:LHA
