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
LHA trade ideas
LUFTHANSA (LHA)Hi,
Strong support 8.000 - 9.000
Technical criteria:
1) Historically worked support level. 1995, 2003, 2009, and 2012. All rejections have been extremely profitable.
2) 2x equal waves from the top AB=CD
3) Fibonacci Extension 162% and 127%
4) Orange minor trendline third touch
5) Channel projection lower trendline worked perfectly
Regards,
Vaido
LHA Possible Breakout? Deutsche Lufthansa AG, commonly known as Lufthansa, is the largest German airline which, when combined with its subsidiaries, is the second largest airline in Europe in terms of passengers carried. With the support it received to rescue it during this pandemic, it should be expected that it will definitely survive the pandemic
According to the current trend of LHA, a short term consolidation pattern can be quickly identified from the 4hr time frame. Given that the RSI has been fluctuating between the 40s - 60s range for the past week, short term support and resistance levels have been created at the 11.0 and 9.8 price levels. If a breakout is to happen, this will probably drive up the price to test its previous resistance level from last week at around the 12.5 price level. This can also be predicted from the expected intersection of the MACD which will initiate the trend reversal signal. This should however be confirmed later on using other indicators such as the TD Sequential or Parabolic SAR or fractal strategies which I will do later after the trend becomes more clear within the week.
This is highly probably as more borders in the EU continue to open, a process which is expected to continue until the 1st of July.
Regardless of this, it is hard to predict when the trend will exit consolidation as it is hard to know how fast demand will act to drive up the price, hence this may take more time than expected. Additionally, with more fears of a second wave, this may also act to lower demand, further lengthening the consolidation, hence, this applies to both long and short traders.
Good luck trading!
Lufthansac Technical AnalysisTechnical Analysis:
The top trendline has been broken, it seems that the a new rally has started and the idea is to go long.
Fundamental Analysis
Lufthansa surged 7.5% as its supervisory board approved a 9 billion euro ($10 billion) government bailout for the airline, driving Frankfurt-listed shares (GDAXI) up 2.6% to its peak since March 5.
Sell Lufthansa TP 5.1 euroSell Lufthansa TP 5.1 euro
SL 10.5
Lufthansa will get financialsupport by the german state it is already Priced in but the EU wants block it
with the excuse that the airline has to give up slots Munich frankfurt etc this will cause uncertainties.
Lets hope that their management find a better investor i personally prefer that , cheaper shares should be offered to Mr. Thiele Knorr bremse OR issue new shares.
9 euro is more overvalued than Delta 26$
but financial fundamentally Lufthansa is the best european airline
german state will paying 3usd per share
Lufthansa could leave the DAX on 4 June The corona virus has hit the aviation industry hard because the outbreak of the pandemic was unforeseeable. Lufthansa is at the bottom of the DAX when it comes to the share price development since the beginning of the year. The founding member of Germany's leading index has already lost more than 50 % of its value and could leave the first stock exchange league on the review date of the DAX on June 4, leading to a spectacular change in the DAX. When it comes to state aid, the German bureaucracy is again reaching its limits and delaying the measure, thus also damaging the LH.
One can ask oneself why it takes longer for Lufthansa with the state aid than for its neighbours? AirFranceKLM and other European airlines have already received their liquidity aid. Even Ryanair has already been able to obtain 600 million British pounds via the Covid Corporate Financing Facility.
Chart-wise the bearish trend will continue today. LH is currently trading at a discount of 2.5 % at around € 7.82 and is thus cheaper than the low-cost carrier Ryanair. The daily chart shows that the LH share is in a descending triangle. The area around 7 € seems to support the crane. A disclosure of this short-term important zone could continue the trend quickly and the next targets at 6.73 € / 6.25 €. On a higher level, a long term price target at around 3 € can be determined based on the level of the descending triangle. However, LH will only be able to reach its cruising altitude if it can sustainably break through the € 10.50 mark - but given the current uncertainty, this may take some time.
#LHA - #Lufthansa - go-around or very hard landing?The German government wants to rescue Lufthansa and provide massive liquidity. Is this the basis for a go-around or is there a threat of a very hard landing?
The share has at least arrived in an important trend reversal zone.
Greeting from Hannover (Lower Saxonia)
Stefan Bode
Lufthansa contrarian long - for the braveLufthansa trading near long term base around 7 to 8 EUR. Expect a short term rebound after bailout is approved (as it will be) followed by a long and difficult recovery. Position small long if & holds. No miracles about to happen in this battered sector but lower competition going forward and higher fares plus lower fuel prices will help a lot.
Flights seem also to be leveling off : www.flightradar24.com
Rescue the LufthansaAn important support level has been reached here at 7€! In March of 2003, this support zone was set up and it was tested 2009 and 2012. The next zone is at near 3€ below form here. So this zone could be a good buying opportunity in the long term however this extreme time period could manifest more lows.
This is a high-risk bottom finder opportunity. We will see it.
WANTED - Historical low First of all, I don't think that we have seen the low in this stock, but I expect this company won't be bankrupt. So I'm waiting for a good buying chance. I won't get all-in in the falling knives, I am not a bottom finder speculator so I will buy 2 or 3 situations to create a good average price in addition that, I will diversify in lots of stocks by building up a portfolio.
The German transportation company is getting interesting.
Somewhere the two support zone(Historical lows) could hold up the Lufthansa, and from these levels, there is a possibility to triple or double itself.
After finding the low I expect to break upward the falling trend channel and the I try to buy. It would be good strengthen signs if there will be a MACD or an RSI divergence beside that the average volume falling.
Now I am waiting patiently.