DAL Buying target, hold or quick trade + hold
Prior targets were off slightly but still got in out and with them. Fine tuning the wedge lines to be more conservative the targets now are buying @23.07 and selling @24.40 for a quick 5.6% gain. If this wedge bounce happens, I think it will be the last one that is worth risking missing out on the breakout. It might not even be worth it at 5.6% because the best option is to buy back in shortly after anyways.
A solid break out past the resistance line at 25.50 will confirm the wedge pattern is broken and the medium term target of $35-42 will be at play. Buy at 23.07 ands sell when some great airline news comes out, or sell for a little profit inside the wedge and quickly repurchase when it gets close to the support line again.
A solid break out past the resistance line at 25.50 will confirm the wedge pattern is broken and the medium term target of $35-42 will be at play. Buy at 23.07 ands sell when some great airline news comes out, or sell for a little profit inside the wedge and quickly repurchase when it gets close to the support line again.
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