$DAL can fall in next days
Updated
Contextual immersion trading strategy idea.
Delta Air Lines attempted to reverse the trend yesterday. The attempt was failed.
Today stock opened lower than yesterday's close price and continue falling.
Despite oil prices falling, the general condition for this stock is shortable due to COVID-19 panic.
Profit from lower oil prices is not enough to cover losses from lower passenger traffic.
I suppose the price will be falling in the next days. So I opened a short position from $42.40;
stop-loss — $44,36 — over today's high;
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Delta Air Lines attempted to reverse the trend yesterday. The attempt was failed.
Today stock opened lower than yesterday's close price and continue falling.
Despite oil prices falling, the general condition for this stock is shortable due to COVID-19 panic.
Profit from lower oil prices is not enough to cover losses from lower passenger traffic.
I suppose the price will be falling in the next days. So I opened a short position from $42.40;
stop-loss — $44,36 — over today's high;
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Note
stop-loss changed to $38,78 — over Thursday's high;Note
stop-loss changed to $32,8 — over today's open price;Trade closed: stop reached
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