Technical analysis update: Lufthansa AG (28th July 2021)In 2020 airlines around the globe experienced one of the worst years in their history due to pandemic crisis and worldwide restrictions on travel and freedom of movement. This had detrimental impact on airlines around the world. Story is no different for Lufthansa AG. Last year German government bailed out Lufthansa AG with 9 billion euros. Subsequently German government gained 20% stake in the company which is supposed to be temporary until LHA gets back on its feet. As part of the bailout deal German government is not allowed to interfere in daily operations of Lufthansa AG. German government having 20% stake in the company suggests relatively lower risk associated with this investement as opposed to other airline investments where no government is involved with the company. Company's stock declined since December 2017 until September 2020 when it reached low of 6.848 EUR per share. Since then price reversed and started to make higher highs and higher troughs. Within last two months divergence between price and RSI became observable. In addition to that RSI, MACD and Stochastics turned bullish. Though, ADX contains low value suggesting that weak or no trend is present. Despite that we think LHA is poised to move higher eventually. In the short term we expect company to move sideways and struggle but in the long term we expect LHA to perform well. We would like to set our long term price target for LHA to 12 euros per share.
Divergence between price and RSI:
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Double Bottom pattern Double Bottom
( EVE AND EVE )
BUY IF price holds SUPPORT LEVEL
-LarenzoYouDork
RAA - Rational - Xetra - EW analysis - 3rd of 5th waveRational - It is in 3rd of 5th wave up. Stay bullish when forming 3 wave sideways pull back for next move higher.
BEI - Beiersdorf - EW analysis - flat correctionBeiersdorf - It seems like the impulse cycle finished since major low in March-20. Now it is forming correction and mostly it should be flat correction ABC, where B wave is as abc zigzag under progress and go higher before it turning down again. The possible trading range would be 106-98 for next 2-3 week time.
MRK - Merck xetra - EW analysis - 3rd of 5th waveMerck (GERMANY) - It is in 3rd of 5th wave of the impulse sequence as conservative count. The next three wave correction will be good opportunity to get in to uptrend for 5th of 3rd of 5th wave near the zone 168-165.
DPW - Deutsche Post - EW analysis - 5th of 3rd waveDeutsche post - It seems in strong 3rd wave of impulse sequence and 5th subwave in progress since 56.65 level of 19th July. It is expected to move higher as it is strong outperformer to DAX index. It is possible that it go slight down below 56.65 as alternate 4th subwave of 3rd wave, but overall it is expected to move higher for 5th of 3rd wave up.
MOR: lowest Price Target is 75Morphosys should soon correct to above 65 Region... Lowest Price Target by GS is 75 and highes 140.
NDX1 NORDEX Green Energy Trade Idea open for feedbackThis is a "green" energy company XETR:NDX1 that is supposed to pop soon with the coming green political party movement in Germany. The TA tells me that it will plummet before it climbs or pops. Can someone give me their take on this? Seems to me that I have to short it before I can go long on this and that might take months/years to do.
Does anyone see this as a long play or is my view correct? FYI Germany has elections in September and the green party is trending.
Thanks in advance,
Buenavista
Short Entry Prediction VOW3 23-07-2021Short entry for VOW3 predicted by our AI algorithm. The time horizon of the prediction is approximately 5 days.
Short term bet that Siemens will fall from hereSiemens looks a bit overbought and so does the DAX, fingers crossed.
LSX another European name is set flySetup is clear - channel or rectangular top, bear trap, and we are on the verge to come to the previous channel. All the ingredients are in place...
Long Entry Prediction ADS 21-07-2021Long entry for ADS predicted by our AI algorithm. The time horizon of the prediction is approximately 5 days.
Long Entry Prediction ALV 21-07-2021Long entry for ALV predicted by our AI algorithm. The time horizon of the prediction is approximately 5 days.
The game is not over for covestroFriday bear run looks scary but I am optimistic about the paper and I would like to see the break of the ceiling. No targets since the bigger picture is set for something significant.
Long Entry Prediction VOW3 20-07-2021Long entry for VOW3 predicted by our AI algorithm. The time horizon of the prediction is approximately 5 days.
Long Entry Prediction SIE 20-07-2021Long entry for SIE predicted by our AI algorithm. The time horizon of the prediction is approximately 5 days.
Long Entry Prediction ADS 20-07-2021Long entry for ADS predicted by our AI algorithm. The time horizon of the prediction is approximately 5 days.
place sell stop orderchannel breakout and pullback set an excellent opportunity for sell stop below resistant/support zone.
