DAL Ascending Triangle FormationIm not a huge fan of the travel sector right now as anything can be thrown off due to covid news. The charts on DAL though looks promising for a possible bullish run if it breaks resistance.
OYC trade ideas
DELTA - its doesn't look greatThanks for viewing and sorry all those Aviation types who are hurting.
Just a short one,
Demand is deeply impacted, and there are yet to be any signs of a pick-up as yet.
Stocks don't often lose 69% in 60 days and then just turn around and head for new all-time highs. Especially, when two studies came out last week showing how the virus - that shall not be named - can easily spread on-board aircraft.
After a solid rejection at the 200EMA I am watching the $17.55 level as support, but I don't expect it to hold. After that, ~$14 at the 1.618 extension on what I believe may be the start of wave 5 down..
This is based 99% on TA and 1% the general environment presently. I don't want it to happen, that is just where I see the price going. I am not short Delta, but I also won't be a buyer at lower prices.
Delta Slow climbAlthough earnings reports are showing to be weaker than than of other airlines, Delta has been able to reduce their cash burn rate and help to mitigate overall losses. After taking a sharp drop down from progressive movement upwards, the technicals are starting to show a potential support level testing a higher low. Using a standard deviation measurement and taking into account current trend lines the target range for profit is above the trend line within the range.
Cup without the handleCup part formed here over 3 month span could see a handle or potentially no handle and it could continue in an uptrend heading into earnings also noting third touch of support on trend line drawn.
$DAL best technical setup amongst airliners$DAL is looking like the best technical setup amongst all the airliners, I'm hoping all targets are hit, I'm definitely in
$DAL Delta Airlines. Possible bull flagPossible bull flag building on this share. Break would see a possible target of 33.90. SL on a break below 29.90 on the daily chart.
$DAL Delta Approaching Major resistance Potential trade target to confluence of resistance @ $37.00
Delta improved its long term chances of survival with another cash raise.
$DAL Delta Airlines Back on Watchlist Potential Long entry on a break above the Fibonacci Golden pocket.
Entering a zone of low volume resistance.
Potential upside targets
$34.95- Overall fib .382 retrace level.
$37.25- previous pivot high & 200ma
DELTA AIR LINES INC. LONG📈 NYSE:DAL LONG H4
🛒BUY above = 32.10
🎯Target1 = 33.55
🎯Target2 = 35.50
🎯Target3 = 35.95
🛑Stop loss or cancel trade = 29.65
🙈Risk = (1%-2%)
#DAL #DALLONG #DALBUY
$DAL LongThis is not a trade advice, this is my personal opinion and it may be wrong.
Constructive criticism is welcomed!
DAL: Falling WedgeDAL: Falling Wedge
TP 1 = 30.70
TP 2 = 32
TP 3 = 33.35
Please don't forget to FOLLOW , LIKE and COMMENT ...
If you like my analysis:)
$DAL Delta Airlines Look out for a breakDelta airlines looks like it is set up for a challenge of 30.70. A break of that level could indicate that a target of 37.00 might be next. Wait for the break.
ABC BullishPossible stop under 24.35
Hypothetical T2: 49 to 56
This pattern is only valid when price hits break out level in a confirmed uptrend
Not a recommendation
DELTA AIRLINEHave been looking at airline stocks for a while now;
If we look at the technical analysis, it is reaching a key support level on the 1H timeframe however if we look closer at the 15M timeframe, we should be expecting a retracement back up
If we look at the fundamental analysis, it's ratios are still not as good as its competitors like southwest airline.
Will probably go long for short term gains.
