Hi, today we are going to talk about LHA
We observe a D1, some important points. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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I think think this is nice time to buy and hold. This is long term trade, not short one. Black ones are levels for those who are looking for some shorter trades ( you can DM me for more)
My play is Buy with R/R 3:7
I Will take a closer look at RSI lvl 50 and MA200. The reason is if the price holds above MA200 and the RSI 50 is crossed then new trade can be made. Anyway, DAX holds many right now oversold stocks such as BMW, LHA, DAI...
Note the square, Fibonacci 0.78 reman as strong support. Black lines are multi-year significant levels and will be crucial for my next trade. According to RSI, we can see some future drop coming in.
That is the case if values continue to move in 45-25 range.
After all, the dividend is OK, so some long is not so bad to have.
Opening prices: LHA@12,33$ RWE@12,50$ UN01@13$
Closed all positions at 22,80$, 20,25$ and 23,17$ respectively.
Here i figured i would just let loose for now and liquidate these positions. For the moment they all seem topped out and with elections coming up in Germany i figured: Take the money and run!
Will be doing some further charting on these in the future...