Buffer wants to sell Airline stocks at a loss??? Buy the DIP!So Warren Buffet recently announced he is selling all of his Airline stocks... The short term move is down very fast followed by sweet sweet recovery and tasty tasty divs... I will be targeting my entries for the fib retrace levels. $14 and $2 I will be buying the low heavy and selling high... 1st rule of trading never sell at a loss... buy the F'ing DIP
DAL trade ideas
BUY ON DELTADelta is at a great spot right now on the 4hr chart with decent volume, but if the volume continues going downhill:
Re-enter Target #1 = $20.00
Re-enter Target #2 = $14.60
If these targets aren't met, we would be looking for delta to enter and reject on my resistance zone at $33.00.
It will drop ONLY if COVID-19 is still going around which causes them to have no customers which means no volume.
Delta Quick BuyDelta is at a great spot right now on the 4 hr chart with decent volume, but if the volume continues to go downhill:
Re-enter Target #1= $20.00
Re-enter Target #2= $14.60
If these targets aren't met, we would be looking for Delta to enter and reject in our resistance zone at $33.00.
It will drop after that ONLY if Corona (COVID-19) is still going around which causes them to have no customers which means no volume.
DAL - 4/30/2020DAL - While 1D ichimoku still shows weakness, the 4H chart shows a little bit brightness ahead. Tenkan sen went cross over Kijun sen that indicates price will move higher. Unusual option activities include May 8 $28 calls, May 15 $26 and $30 calls that support the s/t upside move as well.
DELTA AIR LINES INCNYSE:DAL
Hey, everybody.
Been watching the DELTA AIR LINES INC for a long time.
I thought I'd write about it today.
Like the whole airline industry, this company has fallen heavily during the crisis and lost almost 60% of its average cost, but that's not what I'm talking about now.
Between March 19 and 26, the paper tried to buy back its fall, but it was not allowed to do so.
On 03.04 the level of 21.75 was formed, confirmed by false breakouts and touches.
22.04 - level retest. They could not take it from the first time.
24.04 - close retest.
A pressure is forming.
Leaving it on the short list.
I'll enter the short when the level breaks down at 21.75, GT and LT matches.
DAL to 25.571. DAL closed as a doji candlestick right off support on the symmetrical triangle (purple line) and as well as off a horizontal support line ($22.19).
2. While we see a horizontal support line @ 22.19, the RSI is showing an up trending support line starting from 4/06... bullish divergence!
3. Zooming into the 3H chart, we see a bullish piercing candlestick following by a doji closing above previous candlestick close -- ultimately forming a bullish harm cross (last two candlesticks).
4. MACD crossed on the 1H chart, while 8MA is currently below the 21MA
Ultimately, I believe it can reach $29-30, and eventually $37 in the coming weeks with news (reopening the economy) being a huge catalyst of course.
**Looking to start a nice small long position on DAL**
Delta airlines. Delta airlinE: DAL hasn’t recovered at all yet.
Looking at historic delta airline price levels, it was consistently high. They were actually growing. They also have dividends. The CEO came out and said positive things. They received government funding. They also have good cash on hand. youtu.be/VuauepBwefQ - CEO talking.
DAL Projection *UPDATE*NYSE:DAL With rising fuel prices, its not helping the airline industry (jet fuel is one of their major expenses) combined with shuydowns. I am still bullish as this investment is getting cheaper for me to get back in at a lower price (averaging down). Still waiting for the 29th when I anticipated a bottom of $20.49 for further adjustments. An addition to this holding, an energy investment that benefits from rising energy prices may be a hedge (i.e. MR NYSE:MR ).
$DAL in Bear Pattern, But Rallying Out of Earnings, BailoutDAL doesn't look promising, technically. But the U.S. Treasury will receive warrants to purchase over 6.5 million shares at a strike price of $24.39 with a 5-year maturity. Eligibility for $4.6 billion in secured loans, if the company chooses to apply and accept funds. Co has reduced its daily cash burn to $50 mln from $100 mln at the end of March.
The 4 Major Airlines - OpinionsAll,
Most of my opinions are in the text. Just think Delta is actually the most capable to take off without running into trouble right off the bat. Not saying they are the best company by any means. I am just waiting until I actually hear one of the airlines come up with a plan or have a decent earnings. I would pay attention to the airline with the best operational cash flow. Meaning their earnings might be bad, but they still had net operational cash flow to keep them alive.
Delta Ready for Takeoff (if earnings says so)All,
I think if you look at the All Time chart and work backwards in time you will see Delta is at a great take off spot. IF tomorrow goes bad + bad earnings you could see a huge sell off downwards. Either way I think a big change in Delta upwards or downwards is about to happen. Just a matter of how you play it.
#1 make sure pending tomorrow breaks this trend line and opens up positive say 3 hours I would maybe get in and set your trailing stop loss etc