Lufthansa (#LHA.DE) weekly uptrend opportunity based On 1.00 Lot Calculation:
Deutsche Lufthansa AG, is the largest German airline which, when combined with its subsidiaries, is the second-largest airline in Europe in terms of passengers carried.
- Earning results for the Q3 will be published on November 3.
- White House said the U.S. will open its borders to vaccinated foreigners on November 8.
According to Lufthansa press relief, flight bookings from European cities to the US have been booming since the US authorities warned that the travel ban on vaccinated travelers would be removed in early November. - Lufthansa paid back $1.7 billion to the state, eliminating part of the support that helped it stay afloat during the coronavirus pandemic. It plans to repay a remaining 1 billion euros ($1.2 billion) by year-end.
- PRICE ACTION: The stock price is 181.5% below the pre-Covid level and is currently moving around €5.32.
- Deutsche Bank upgrades Deutsche Lufthansa AG all the way up to a Buy rating from Sell with target to €7.3. Wall Street Journal analysts have a medium target at €7.13.
Lufthansa, October 21, 2021
Current Price: 5.32
|
Lufthansa |
Weekly |
|
Trend direction |
|
|
7.10 |
|
|
6.60 |
|
|
6.20 |
|
|
4.60 |
|
|
4.27 |
|
|
3.89 |
Example of calculation based on weekly trend direction for 1.00 Lot*
|
Lufthansa |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
20,388.55 |
14,563.25 |
9,903.01 |
-8,737.95 |
-12,582.65 |
-17,009.88 |
|
Profit or loss in €** |
17,500.00 |
12,500.00 |
8,500.00 |
-7,500.00 |
-10,800.00 |
-14,600.00 |
|
Profit or loss in £** |
14,791.25 |
10,565.18 |
7,184.32 |
-6,339.11 |
-9,128.31 |
-12,340.13 |
|
Profit or loss in C$** |
25,127.87 |
17,948.48 |
12,204.96 |
-10,769.09 |
-15,507.48 |
-20,963.82 |
* 1.00 lot is equivalent of 10000 units
** Calculations for exchange rate used as of 09:10 (GMT+1) 21/10/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more detail