DAL: This Move Is Only a Matter Of Time Before It HappensDAL: This Move Is Only a Matter Of Time Before It Happens
Targets:
$48.80
$51.20
Thank you and Good Luck!
🛑Disclaimer🛑
The content of this analysis is subject to change at any time without notice. Trading leveraged products carry a high level of risk and may result in you losing substantially more than your initial investment. This is not financial advice.
DAL trade ideas
Wait for opportunity Even though DAL still in the ascending channel.
But we see volume decreasing recently.
Start long position unless it gets its momentum back and closes above $47.3 sometime next week.
Wait for the opportunity, don't rush to open a trade even it is along with the downside of the channel.
For self-education use only. Not financial advice.
DAL. Looks like it is trying to go back.On daily chart it's looks like some kine of broadening formation with possible partial decline (see T.N. Bulkowski). The price has retested the line which was a resistance of previous base and now it's support. If so - can move higher to the upper line of formation which matches with old resistance level and a border of covid gap down.
Not a recommendation. Just an observation.
Airlines lagged as Dow Transports move upFEDEX and UPS have moved up alot in recent days along with some other dow transports. Airlines have lagged behind with no bids. This week, look for Airlines to move out of oversold conditions to move Dow higher. News will break out as passengers return to flying domestically. Volume will pick up accordingly. Breach 46.70 with volume, look out 52!
DAL: Don't Miss This OpportunityThe price is trading inside a range in the $DAL chart giving us the possibility to trade the next move up again. This is considered a high probability trade because for the support line we can see that price tested it several times and the bulls are pushing it up again. From the top we can see the bears that are pushing it down.
Targets:
$48.80
$51.20
Thank you and Good Luck!
🛑Disclaimer🛑
The content of this analysis is subject to change at any time without notice. Trading leveraged products carry a high level of risk and may result in you losing substantially more than your initial investment. This is not financial advice.
$DAL with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $DAL after a Positive over reaction following its earnings release placing the stock in drift B
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DAL Keep ClimbingAirlines and other travel based companies definitely got hit the hardest from covid and are still slowly recovering where as other stocks have already recovered and more.
First signaled $18 entry which was a 2013 start of the uptrend and is a monthly level support zone. aka very strong level
Next Best entry placed at $27.60
Target $30.54
Next Target $34.59
Eventual Target $51.41
please don't dump on me Ed Bastian i love delta good airline, my first choice for flying
DAL SwingDAL along with the rest of the travel sector is catching some big buyers as the economy is shifting to its reopening phase. Look for some strong movements along the next couple of weeks as the chart is preparing for a big move too. Sitting directly under the 20EMA and a perfect bounce off the 50 - the stock also caught many buyers yesterday exactly off of the resistance, which is also a sign of strength.
U.S. airlines see recovery signs, United expects to end cash burU.S. airlines on Monday pointed to concrete signs of an industry recovery as a slowing COVID-19 pandemic helps leisure bookings, and United Airlines said it expects to halt its cash burn in March, sooner than forecast.
"I do think we're near the end of the virtual world," United Chief Executive Scott Kirby said at a J.P. Morgan conference.
In January, United said an average daily core cash burn of $19 million in the fourth quarter would likely continue in the beginning of 2021, with improvements dependent on a recovery in demand.
Now it expects core cash burn to be positive in March, Kirby said. That is expected to continue after March, assuming the current bookings trajectory remains in place, he said.
Chicago-based United, which had been among the most pessimistic of the airlines heading into the pandemic a year ago, is the first to say it could hit the industry's cash burn milestone.
Shares of United surged 9% to $61.49 in morning trading. The Dow Jones U.S. Airlines Index was up 5%.
Delta Air Lines, Southwest Airlines and JetBlue Airways each said first-quarter revenue would decline at the low end of projections or less than previously forecast as vaccine rollouts accelerate and more people plan vacations or visits to friends and relatives
Delta CEO Ed Bastian, speaking at the same conference, said there are "real glimmers of hope" and that he was "cautiously optimistic" that the airline could halt its cash burn this spring.
More than 1.3 million passengers were screened in U.S. airports on Friday and Sunday, according to Transportation Security Administration data, the highest number since the pandemic crushed air travel in 2020.
Delta, which said it will use cash for aircraft purchases in the second quarter, expects its first-quarter revenue decline to be at the low end of its forecast for a 60% to 65% decline from the same quarter in 2019, before the onset of the pandemic.
Southwest forecast lower cash burn in the first quarter on Monday and a lower decline in operating revenue for February and March than previously forecast.
JetBlue also forecast a slowing pace in its first-quarter revenue drop, projecting a decline of between 61% and 64%, compared with the same period in 2019. It had previously forecast a fall in revenue of 65% to 70%.
American Airlines, the most leveraged U.S. airline, also said on Monday that bookings had increased but did not provide concrete guidance. However, its CEO said the company is not looking to raise any more financing after a $10 billion debt deal last week.