We have been following this stock since its dramatic fall in 2018, closely monitoring where the bottom could be. Following last month's results, the price skyrocketed above $15.00 from the all time low of $9.50. This is not yet a reason to get excited as the jump found Resistance on the 1D MA200 (RSI = 70.494, MACD = 0.890, ADX = 31.232). The MA200 (orange line)...
Delphi stuck in a descending channel, reversal at channel resistance is most likely.
Bullish on $DLPH, significant accumulation, completing a nice cup and handle. Long.
Tomorrow I will look for a SHORT on DLPH during the day while price is moving towards SMA200, and while SMA20<SMA50. SL 0.52% TP 1.56%
DLPH is falling forming a Head & Shoulder. Entry Target Criteria- below $62.00 We would consider November $50.00 Puts which is trading currently at $2.35
Strong earnings on 2/5/16 helped form the head of this possible inverted head and shoulders. Watch for the neckline at $67.50 to hold as support. If it does price will likely retest resistance at ~$79.