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Trading idea for Lufthansa AG (XETRA)


#LHA

The trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.

Stop-loss: 7.670.

Target levels: 6.664; 5.370.

Author: GC
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