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DELTA AIR LINES INC

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DAL trade ideas

Delta Airlines - DAL - Downtrend - Failing at Key Hidden SupportNotice how well DAL acts around the "key hidden levels" from earnings release. I highlighted in red circles where there were many key trade setups on a retracement to the green lines, which I call "key hidden levels". What I see happening here is DAL is potentially failing to hold key support at 35.80 that has been tested twice already in the July selloff: first on a major gap down (where I had suggested to cover shorts) and again two days later. DAL looks ready to move lower to 32 where I see it taking several attempts to bounce off of it. I view risk as a stop at $37 and a re-short at $38.40 strong resistance. Look to cover at $32.50-$32 over the course of August. Note that Gambling stocks are moving lower and airline stocks often follow Gambling stocks, with a lag. Tim 11:23PM EST 8/7/2014 35.61 last DAL ***Subscribe to "KEY HIDDEN LEVELS" in the "indicators: marketplace add-ons" window to have the earnings triangles and support/resistance lines plot automatically.
NYSE:DALShort
by timwest
Delta Airlines - DAL - Daily - Top formation - Trend DownVolatility the last 2 days in DAL makes it look risky to short DAL here, but the "range movement" made a two-month low. We can wait for an overbought reading to sell short OR sell short some here and some on a little rally. Leave some to sell short on a decline under the current lows AFTER a bounce. Looking for 10% to 15% down in DAL. Tim 38.17 -2.14 last FWIW - I haven't been all that accurate in DAL - but maybe I am due.
NYSE:DALShort
by timwest
4
Delta Airlines - Corrective double bottomI see this pattern way too many times in different financial instruments, but no one ever gave it a name. It is one of the best patterns in the system I use, it might actually be the best. I call it a corrective double bottom because it is a double bottom after a small correction in an uptrend. Price usually soars after a pattern like this, the double bottom acts like a launching deck. I have observed that the opposite, that being a double top after a small rally in a downtrend doesn't have the same accuracy, but this thought has no testing behind it, it's just an opinion. You can see that at 38$ price formed a double bottom, after a very fast correction because of the tensions in Iraq, more specific the increase in oil prices because terrorists seized control of different raffineries in the country. Price retested this level, and went a bit below the previous swing low (that being stop hunting) as you can see in the 4H chart. The two FIs show bullish divergence, and MACD histogram is rising. This is a very usual pattern for Delta. At a point it is going to fail, but until then, it gets the benefit of the doubt. First target at 42.50$, but usually price goes way over the last swing high, look back if you're not convinced. Also, check out my previous chart on Delta, where I outlined previous patterns. The four hour chart looks even better, and explains better why I think Delta is going to rise
NYSE:DALLong
by vlad.adrian
DAL completing an ABCD patternPrice of oil spike, DAL completing an ABCD pattern, where suspect Bollinger band and bottom trend line of channel meet and have lunch. But where they have lunch depends on who is picking up the tab, the US in Baghdad, or Iran in Kuwait? If the US does not prevent the spread of ISIS through Baghdad, which not sure if Iran or the US really cares about that, neither Iran nor US will let them get that far South where the real oil is and the export terminal. The question is the timing of it all, and how high the price of oil gets before one or the other steps in to calm the sees and take control. Problem is, if the US in ineffective, and Iran takes control at any point, they are Shiite brothers of the current Iraq government, price of oil continues to rise, because US will be vulnerable to Iran at that point for that oil, not good.
NYSE:DALShort
by claydoctor
Delta DAL Daily Double-Euphoria Pattern creates a low-risk shortDelta's wonderful earnings, stock buyback announcement and dividend increase has bulls feeling very comfortable, but the chart is showing that the IWM is pointing down and in a corrective phase. This performance difference has brought about a wide disparity in the price of DAL versus the IWM. DAL could just hold onto these prices and IWM could rebound to catch back up to DAL. I don't know which will happen, but I like my odds here. There seems to be a low-risk trade here now that DAL is below 38 (signaling that it is rolling over) and that IWM has fallen back to multi-month lows under 108. It takes awhile to get comfortable with pairs trades. Follow this one. I put some older examples of pairs trades below for reference. Tim 12:12PM EST 5/15/2014
NYSE:DALShort
by timwest
Trader thinks DAL can trade through its 52 Week HighDelta Air Lines, Inc. provides scheduled air transportation for passengers and cargo worldwide. Today a trader bought over 2,000 5.9.2014 37 Calls for $.74. This gives the buyer of the Calls, the right but not obligation to buy 200,000 shares of stock at $37 between now and next week and they paid a Cash Outlay of $150,000. With recent sell-offs in UAL and AAL, I thought that this was a goos risk vs reward trader, so I bought these Calls as well. Lets breakdown my trader. The Trade: I bought the DAL 5.9.2014 37 Calls for $.74 debit Risk: $74 per 1 lot Reward: Unlimited Targets: $.85, $1.00, $1.20 and $1.40 Greeks of this Trade: Delta: Long Gamma: Long Theta: Short Vega: Long
NYSE:DALLong
by KeeneOnMarket
Trader Nets a $432,000 Profit Overnight in DAL Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo worldwide. Its route network comprises various gateway airports in Amsterdam, Atlanta, Cincinnati, Detroit, Memphis. Yesterday we saw a trader bought 9,156 DAL June 34 Calls for $1.26, so I knew it was the time to get LONG DAL. Today when Delta rallied more than a $1.20, the trader sold ALL of their Calls for $1.75 and netting that trader almost $500,000 Profits within 24 hours. Lets breakdown how they did this and how I made over $5,800 Profits in DAL 9,000 * $1.75-$1.26 *100= $435,000 Profits I bought 150 DAL June 34 Calls at $1.26, I sold 37 at $1.45, 37 at $1.65, 37 at $1.85 and the balance of 39 at $1.73 netting over $5,8000 Overnight I have no position now in DAL
NYSE:DAL
by KeeneOnMarket
Delta DAL rolling over and setting up for a sell signal MondayDelta - DAL has been whipping the short sellers handily for the past couple of years. Each time the chart sets up a top formation where the price rolls over and triggers technical sell signals, the stock takes off and wipes out the short sellers. This pattern has gone on a long time now and the chart has a new sell signal setting up which needs DAL to stay under $34.3 on Monday for it to trigger. Stay tuned. The trendline looks so ripe to be broken with a decent decline in the shares of DAL. Target 30-28, Risk 34.8, Last 33.53 Tim Sun, March 30, 2014 11:11PM EST
NYSE:DALShort
by timwest
4
Delta Airlines - Long on retracementA few weeks ago I made a stupid mistake by buying Delta right at the top. After examening my mistake I realised that Delta should be bought on corrections, as it always retraces to previous resistance levels. When close to support (ex resistance), and close to the EMA wave, I watched for patterns that signal the correction is over. As labeled on the chart, there were candle stick patterns and double bottoms. Right now the price is 33.71$ after a gap up, after an idencision day at support and at the EMAs. Allthough I do not know where Delta is going, as you never know, I call today as a good level to go long, with a stop under the previous doji at 31.92. Im sorry for the lack of details, I have drawn the chart on a rush.
NYSE:DALLong
by vlad.adrian
3
LET'S LOOK AT DELTANotes on chart, but here is how I would play it. As long as the 13 day EMA is under the 25 I would remain bearish. If the 13 goes under the 50 which hasn't happened for a long time I would be even more bearish. Remember that the overall trend has been up since December 2012 so don't get faked out. The safest play would be a long play and wait for the 13 day to cross over the 25. I wouldn't be surprised if it went down to 18 before resuming the trend up. HAPPY TRADING!
NYSE:DAL
by octradr
3