The last day of trading on the Frankfurt Stock Exchange for 2020 is now shortened and the Lufthansa share is fighting for a buy signal based on the chart. Yesterday it looked meanwhile as if the share price of the MDAX-listed aviation group could establish itself quite comfortably above a strong and broad resistance zone of 10.54 euros over 10.80 / 10.89 euros to 11.04 euros. Intraday, Lufthansa shares peaked at EUR 11.29 on Tuesday. But the XETRA closing price of EUR 10.96 (+5.64 percent) made this impression shaky again.
Currently, however, the bulls can maintain the buy signal. Indications for the Lufthansa share are currently at 11.12 / 11.20 euros and thus above the upper end of the broad resistance zone. There is now technical chart support for Lufthansa’s share price. A rebreak below the complete (!) Zone would be classified as a sell signal. In such a scenario, the stock could plunge back towards EUR 8.80 / EUR 8.90. Intermediate support would be expected at 10.15 / 10.28 euros and 9.89 euros and at 9.34 / 9.50 euros.