Delta looking bearishAs predicted in my last Delta post, we had major gains today. But alas, it is looking slightly bearish as of this post. If we close below the bottom of the fan/resistance line we will be looking for a possible dump.
DAL trade ideas
Look for gains in Delta (DAL)When you look at Delta (NYSE: DAL), you see a clear resistance but a triangle pattern. When adding a pitch fan you clearly see obvious tests of both the resistance zones. With the gains and natural consolidation you see clear bull flags everywhere. Gains are expected to rise at the beginning of trading at 6:30 AM PST. If I were to guess they will occur around 7:15 AM PST. Major changes (in relation to breaking resistance zones/trends) will end FOR SURE at 8:30 AM PST.
Can Delta Fly Higher?Delta Airlines is off to a strong start in 2019, but can they keep it up? New information coming out says that Delta has setback cameras installed however they are not watching passengers... The Megalodon is giving us a buy sign on the technical side.
The Megalodon indicator uses an artificial intelligence, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes!
DALSolid reversal sign, from 200 EMA and strong support level.
Weak confirmation from momentum for a solid entry price. (higher risk entry price).
Average dividend which is about to be paid soon.
Buy and hold for 6 months.
Target $60 at the top of the range (20% profit).
DAL Approaching Support, Potential Bounce!DAL is approaching its support at 50.46 (100% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 54.70 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching support at 2.9% where a corresponding bounce could occur.
$DAL INSIDE DAYFAVOR SHORT ON BREAK DOWN OF YESTERDAYS LOWS
OIL LOOKS DUE FOR A BOUNCE, SHOULD CAUSE A DIP IN AIRLINES
DELTA testing ATH'sPretty recognizable pattern breaking exactly how its expected to. I see DAL testing 60 again soon
DAL Sym Triangle inside a Rising WedgeDouble the fun. DAL been forming a rising wedge for a few years now and recently a sym triangle. Can definitely be a good move if we can stay below the 200sma.
Short'ed DAL through Options!Short DAL for a target of 50 and a stop loss of today's high!
bought the 51 PE expiring next week!
$DAL Delta Air Lines Descending Triangle$DAL Delta Air Lines - possible bearish long term descending triangle forming. Monitor for definitive heavy volume break of $51 support level.
DAL - Do You Know "Wolfe Waves"?BREAKING DOWN 'Wolfe Wave'
If identified correctly, Wolfe waves can be used to accurately predict the scope (equilibrium price) of the underlying security. To identify Wolfe waves, they must have the following characteristics:
Waves 3-4 must stay within the channel created by 1-2
Wave 1-2 equals waves 3-4 (shows symmetry)
Wave 4 is within the channel created by waves 1-2
There is regular time between all waves
Wave 5 exceeds trendline created by waves 1 and 3 and is the entry point
The estimated price is a price along the trendline created by waves 1 and 4 (point 6).
DELTA AIR LINES (DAL), HAS BEARISH HEAD & SHOULDER PATTERN!!Would be selling stock and/or doing Bearish Put Credit Spreads, until around $45 area. DAL has earnings report scheduled for 4/12/2018 (FYI).
Daily Bullish and/or Bearish Head & Shoulder patterns are powerful and should be respected. Good luck and Good trading.
Same storyBuffett's got this. What else ya need to know?
Technically speaking, I'm forecasting several mean reversions. That's what I'm seeing. Also, trying buying low, might increase your chances of making a dime.
Long at WK D on DAL3M trend is up, MN trend is up, price retraced to WK demand zone, long from 55.25.
DELTA AIRLINESDELTA GOING DOWN WITH SIGNIFICANT VOLUME???
I think that Delta Airlines is going down potentially past the 52.00 price level. Prices could of course have strong reversal near the V, are you prepared to ''BUY THE DIP'' One way to play this is to take half your profits off the trade as prices are approaching the 54.00 price level. If however you believe prices to go through the V, I think you need to be paying attention to the volume on this. As prices often penetrate the V with strong volume , your next target if this did occur would be near the 48.00 price level . It's up to you how you play this. I would be very cautious as prices approach the 54.00 level . It's totally up to you how you play this, with put options in this sort of scenario favours are in your favour regardless(2/3). It's just about maximising profits.
