Deutsche Lufthansa shows relatively strong fundamentals and is coming back to attractive price.

The security follows a downward trend in the short term, under the EUR 15.65 resistance area. The trend is bearish also in the mid-term, under EUR 15.65. However, the selling pressure could run out of steam soon. Indeed, whereas the stock shows an oversold condition, the EUR 14.25 support area currently tested might stop the bearish trend in the short term. Moreover, the 50-week moving average is giving argument in favor of a technical rebound.

Thanks to the technical pattern and Deutsche Lufthansa AG’s strong fundamentals, active investors can take a long position above EUR 14.25. The downside potential is limited and the timing seems perfect to benefit from a technical rebound. The goals will be fixed at EUR 15.65 in a first time. However, a bearish trend would regain the upper hand if the security crosses EUR 14.25.