Delta DAL rolling over and setting up for a sell signal Monday
Delta - DAL has been whipping the short sellers handily for the past couple of years. Each time the chart sets up a top formation where the price rolls over and triggers technical sell signals, the stock takes off and wipes out the short sellers.
This pattern has gone on a long time now and the chart has a new sell signal setting up which needs DAL to stay under $34.3 on Monday for it to trigger.
Stay tuned. The trendline looks so ripe to be broken with a decent decline in the shares of DAL.
Target 30-28, Risk 34.8, Last 33.53
Tim Sun, March 30, 2014 11:11PM EST
This pattern has gone on a long time now and the chart has a new sell signal setting up which needs DAL to stay under $34.3 on Monday for it to trigger.
Stay tuned. The trendline looks so ripe to be broken with a decent decline in the shares of DAL.
Target 30-28, Risk 34.8, Last 33.53
Tim Sun, March 30, 2014 11:11PM EST
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.