Lufthansa double top forming? We look to Sell a break of 6.70 (stop at 6.95)
Short Term - We look to Sell a break of 6.70 (stop at 6.95)
Posted a Double Top formation. We expect an initial move higher to fail and look to set shorts on a break back through 6.80. Further downside is expected and we prefer to set shorts in early trade. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 5.92 and 5.25
Resistance: 7.60 / 8.00 / 9.00
Support: 6.80 / 6.00 / 5.30
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