Buying Lufthansa at 2020 lows.Lufthansa - 30D expiry - We look to Buy at 5.033 (stop at 4.789)
Trading close to the psychological 5.000 level.
Short term bias is bearish.
Support could prove difficult to breakdown.
Support is located at 5.000 and should stem dips to this area.
Dip buying offers good risk/reward.
Our profit targets will be 5.747 and 5.937
Resistance: 6.000 / 6.300 / 6.500
Support: 5.600 / 5.400 / 5.200
Weekly perspective
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