Fraudulent websites posing to have a connection with JFD
Please be aware of fraudulent websites
posing as JFD's affiliates and/or counterparties
The technical picture of the Deutsche Lufthansa AG stock (FRA: LHA) on our daily chart shows that, after reversing sharply to the upside on March 7th, the stock continues to grind higher, while trading above a newly established upside line taken from the low of March 15th. Although we are leaning towards further upside, we would first prefer to wait for a breakout above the 7.88 barrier, marked by the highest point of February. Until then, we will take a cautiously bullish approach.
If, eventually, a break above that 7.88 barrier happens, this will confirm a forthcoming higher high. More buyers could join in and drag the stock towards the 8.50 hurdle, which is the low of September 21st, where a temporary hold-up might occur. That said, if the buying doesn’t stop there, the next possible target could be at 9.09, marked by the highest point of September.
The RSI is currently pointing lower but remains above 50. The MACD is pointing slightly to the upside, while continuing to run above zero and the signal line. Overall, the two indicators show positive price momentum, supporting the idea mentioned above.
Alternatively, if the stock breaks the aforementioned upside line and then falls below the 6.95 hurdle, marked by the low of March 24th, that may signal a change in the direction of the current short-term trend. LHA may drift to the 6.62 obstacle, or even to the 6.20 zone, marked by the low of March 9th. If that zone is not able to break the fall, the next potential support target might be at 5.92, marked by the inside swing high of March 8th.
Disclaimer:
The content we produce does not constitute investment advice or investment recommendation (should not be considered as such) and does not in any way constitute an invitation to acquire any financial instrument or product. The Group of Companies of JFD, its affiliates, agents, directors, officers or employees are not liable for any damages that may be caused by individual comments or statements by JFD analysts and assumes no liability with respect to the completeness and correctness of the content presented. The investor is solely responsible for the risk of his investment decisions. Accordingly, you should seek, if you consider appropriate, relevant independent professional advice on the investment considered. The analyses and comments presented do not include any consideration of your personal investment objectives, financial circumstances or needs. The content has not been prepared in accordance with the legal requirements for financial analyses and must therefore be viewed by the reader as marketing information. JFD prohibits the duplication or publication without explicit approval.
There are risks involved with trading of cash equities. Past performance is not indicative of future results. You should consider whether you can tolerate such losses before trading. Please read the full Risk Disclosure.
Copyright 2022 JFD Group Ltd.
Fraudulent websites posing to have a connection with JFD
Please be informed that, the below listed websites fraudulently misrepresent to have a connection with JFD and have infringed with JFD’s rights and trademarks in order to defraud users of their personal data, registration data and funds.
Unfortunately, JFD cannot guarantee that the list is exhaustive or always up-to-date and refers only to the websites that were brought to our attention. Therefore, if an investor is in doubt about the connection of any website with JFD, or spots a website that is substantially similar in design, structure and content to JFD’s website, please contact us at support@jfdbrokers.com and we will take all necessary actions to report it and protect other investors from being defrauded.
For your further reference and the avoidance of any doubts, feel free to check the full list of JFD’s web domains approved by CySEC.