DAL Projection *UPDATE*DAL Dispite negative headlines, investors are waiting for COVID-19 to pass to get into the biggest money pool in history. However, Tomorrow, if volume spikes 25% or more over 50-day average and the price goes down, I'd wait
DAL trade ideas
DAL - Delta Airlines - Who Will Own The SkiesA lot of Buzz around the airline industry since the bailout this week, so we're taking a look at Delta ($DAL), along with every other person who just downloaded their Robin Hood account this month. Hearing a lot of the "airlines are so cheap, airlines can't fail, people aren't going to stop flying" comments.
Correct, people will not stop flying, just depends on who owns the plane. Airlines can most definitely fail. American Airlines is still fresh off Bankruptcy that occurred in this decade!! Airline operating costs and gas do not come cheap. Why do you think you're paying $4 for a bag of potato chips.
Fundamentals:
1. Buffet just dumped $314 million worth of Delta shares alone this month
2. Delta just accepted the Stimulus $ in which they can use to stop the bleeding, but they can't lay off any employees (around 90,000 of them) at least until September. They're burning around $60 million per day, so they expect that money to be gone by around June unless they get more $ or people start flying
3. DAL had around 600,000 passengers on a given day in March, they're now around 38,000.
Technical:
We see price consolidation and price seems to have found support around $20-$22 range. Usually this is a continuation pattern forming, which leads to more downside.
If you're going to play this, this is a complete gamble at the moment. Would only buy to go in and out quikc trades. We're not long on airlines until we start seeing people book vacations and businesses stop using Zoom instead of traveling for work.
Go tight with the stop loss, as any breaking news can push the stock either way.
If we play it, target buy at $21.50-$22.00 with a stop loss at $20.00. Target #1 at $28.78, Target #2 at $34.82.
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DAL *UPDATE*NYSE:DAL The authorities (Treasury, Government, Congress, Fed, etc.) are stepping in to help airlines, etc. With low fuel prices (i.e. jet fuel prices) remaining low, I am still bullish on DAL
Delta Air Lines $DAL#DeltaAirLines is just sitting above the strong support. I would expect it to bounce back even tough it seems beairsh in daily
$DAL short swing ideaI like $DAL short below today's low ($23.31) with a HOD stop loss and $20.76/$19.10 profit targets.
Delta Resistance ZonesNYSE:DAL
What I think are strong to very strong resistance size of resistance if broken enters consolidation or reverses.
Delta in a Bearish Pennant? Thoughts?However, I am overall bullish on Delta. I actually think this stock may drop even further especially looking back to 2012. Let me know your thoughts. It looks bullish on lower time frames.Untested levels from 2012 remain and it appears to be making a bearish pennant on 2D-Weekly. Let me know why you think this is bullish, because apparently everyone does.
Don't let the drastic price drop make you think we have hit a bottom. We would need a massive bull candle and if you see the higher levels that hasn't happened or any signal of a reversal.
Legendary Investor, Warren Bufett sells airline stocks, you ?First thing first, let's find out when did he buy this DAL.
It was bought on 15 Nov 2016 at approx 47.67. Today's share price is 22.48, a loss of 151 million (ballpark) based on 6 million shares (ballpark)
Digest that for a minute !
Now, based on his value investing philosophy, he claims to buy and not sell forever and hold on to stocks for as long as possible. So when he sells, it is BIG NEWS to the market !
Of course, we are not arguing if he has other protections like buying puts and other hedging instruments, that is for another day !
Already, we have seen 2 counters , Boeing and Ryan Air plummeting its share price.
I read somewhere about when people are forced to change to adapt to a new environment, initially they resist (those who still go out party and head to the beach) but after a while, they adapt and get comfortable so much so when the external environment returns to normal, they will not want to come out of their comfortable caves...... i.e., they may not want to travel for the time being.
Hopefully, this does not apply to you and me as I love to travel and see the world, man !
See my chart for where I think it is heading next.
$DAL BANK of American People come to the rescue
May as well try to make a few $$$ on the rally as not alone will you be paying for a extra bag but also paying for the plane.
$DAL Time To Start A PositionLike most investors, we are looking at stocks that have seen a big bounce off the lows. The one exception to this rule is the airline stocks. $DAL is just $4 off its 52 week lows of $19.10 a share. President Trump has said publicly that he is not going to let the airlines fail and that a bailout package is on the way. We will look to add to our position on any selloff.
Good luck to all!
Looking for bounce near $21.50.Been following this stock through all of the madness. I don't think they're going under. It's hard to tell the future of the company based on government intervention though.
$DAL Stares Lower But Carrie a Cabin Full of Shorts to SqueezeDAL shares are hovering just above a likely retest of the critical $20 level. The stock will be locked in the bailout and OPEC twin narratives this week, playing to opposing effects.
DAL good for remaining of the year?NYSE:DAL With and ultra-low interest environment, government stepping in to rescue airlines from the shutdowns of COVID-19, low fuel prices; I believe it is prime for investment long-term; however, recommend hedge with oil and gas industry that benefits from rising energy prices.
DAL good for long$36.75 sell swing trade possibility? NYSE:DAL can it get back to its previous levels? Besides, government stepping in.
Smarter than Buffett?"Delta plunges after Warren Buffett's Berkshire Hathaway slashes its stake" is the morning's headline following the announcement. As investments I don't know why anyone would want to own airlines. They are too exposed to all kinds of risk... world economic factors, energy, terrorism, and now plagues. But to trade airlines... the contrarian in me combined with a price action alert makes me want to test for an opportunity. Earnings are this week and I do not expect anything they say to help or harm what is already known; that Delta is burning through a whopping $60 million per DAY! So while there is some earnings gap risk I'm going to keep my position small and exploratory. Let's see if this is the double bottom of the Daily.
DAL Trend Change95 million volume in a day - its either people dumping shares before earning or this is the end of its bottom. SL 20.5 Long around 23.5. Target 30 and 36 NYSE:DAL
