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.
- EVENT: November 8 - The opening of US borders to vaccinated travelers from Europe. Since the announcement of the opening, the number of weekly bookings has increased by 51% compared to the previous weeks.
- Earnings report - Lufthansa beat analysts’ expectations to post a quarterly profit for the first time since the pandemic. The company reported earnings of €17m before interest and taxes for the three months to the end of September. In the previous quarter, Lufthansa booked a loss of more than €950m. The price was 3.7% up yesterday.
- 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 price is currently moving around €6.5 which is 57.87% % below the pre covid level of € 15.43. Potential growth in order to reach the pre covid level is 137.38.
- 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 €7.1.
Lufthansa, November 04, 2021
Current Price: 6.50
|
Lufthansa |
Weekly |
|
Trend direction |
|
|
8.80 |
|
|
8.30 |
|
|
7.50 |
|
|
5.50 |
|
|
5.00 |
|
|
4.50 |
Example of calculation based on weekly trend direction for 1.00 Lot*
|
Lufthansa |
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|
Pivot Points |
||||||
|
Profit or loss in $ |
26,564.08 |
20,789.28 |
11,549.60 |
-11,549.60 |
-17,324.40 |
-23,099.20 |
|
Profit or loss in €** |
23,000.00 |
18,000.00 |
10,000.00 |
-10,000.00 |
-15,000.00 |
-20,000.00 |
|
Profit or loss in £** |
19,491.71 |
15,254.38 |
8,474.66 |
-8,474.66 |
-12,711.98 |
-16,949.31 |
|
Profit or loss in C$** |
32,958.05 |
25,793.26 |
14,329.59 |
-14,329.59 |
-21,494.38 |
-28,659.18 |
* 1.00 lot is equivalent of 10000 units
** Calculations for exchange rate used as of 12:10 (GMT) 04/11/2021
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