OYC trade ideas
$DAL can fall in next daysContextual immersion trading strategy idea.
Delta Air Lines attempted to reverse the trend yesterday. The attempt was failed.
Today stock opened lower than yesterday's close price and continue falling.
Despite oil prices falling, the general condition for this stock is shortable due to COVID-19 panic.
Profit from lower oil prices is not enough to cover losses from lower passenger traffic.
I suppose the price will be falling in the next days. So I opened a short position from $42.40;
stop-loss — $44,36 — over today's high;
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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Delta Depression breakdown analysis: where is the support?With this last downleg, we have hit the 0.5 fibonaci level, in one break out. and it its not over.
If this is the beginning of a longer term downtrend, after we break support, the next support seems to be around 10/7/5 dollars, where I think volitle accumulation will happen, before consolidating around 10$ and moving again.
Look for one or two weak impulses to the upside to take short positions, stop loss at 37, with profit targets at 23-20, 12, 8.
Delta airlines RSI support levels are here. DAL has only hit 30 RSI 4x in its history. We are at 2011 levels in the RSI on the monthly. Good buy at these RSI levels but unsure about Price support.
Going Long for a little while Still a sellers market!!! // Going against the grain!
Bullish Pressure for correction at the 3rd touch of the Flag Pattern on 4 HR
Bullish Flag Pattern Formed with Hammer at the 45.00 Area on the 1 HR
Delta Air line long set upon pullback BUY DAL OPTION
Price target $54 Price target 2 57.68
Warren Buffett famously advises investors to "be fearful when others are greedy, and be greedy when others are fearful." The billionaire investor's Berkshire Hathaway conglomerate showcased that approach last week: It boosted its stake in Delta Air Lines during the massive market selloff fueled by coronavirus fears.
Berkshire deployed about $45 million to buy nearly 980,000 shares in the airline last Thursday, according to a Securities and Exchange Commission filing. The purchases raised its total holding to about 71.9 million shares, giving it an 11.2% stake in the company.
Delta Airlines Inc Buffett Rally
Once the Oracle has announced he has been buying, a recovery is expected, but could be short lived as the Coronavirus effect on airlines might not be fully taken into account.
Upside targets $51.50 & $55
$DAL Corona tradeTravel restrictions are going to kill airlines imo, should be pretty straight forward support failing here. Why $DAL? Had bad exp with them, looks like management is leaving as well.
Delta flight, Boeing planeRecalled back to LAX after leaving for China. Dumped fuel on a playground effecting kids and teachers. Other schools also supposedly hit but nobody effected at those locations. Reports are it smells like jet fuel around the playground and there's vid of a plane dumping fuel nearby.
One of the flight stats sites is how I found it's a Boeing 777 based on the flight number (89).
Watch these tmrw. Possible big shorts. You know at least Delta will probably have to settle, and if ANOTHER Boeing flight was having issues.... They could be paying up too on any law suits that may come about if any do.
Delta Airlines +12% - 90 Day StrategyBetween November 2012 and May 2014 Delta Airlines had a colossal run that took it from $9 to a staggering $42 dollars in a little bit under a 2-year period. Ever since, $Delta has continued to perform positively; well within the confines of a new channel that feels a lot like an extended ascending triangle maturing into its upcoming apex. This channel can be identified by the dotted lines in the chart. For 6 years now, $Delta’s behavior has been highly predictable much in thanks to market capitulation, quarterly earnings and a booming economy.
At this moment, I can identify a few factors that are making me confident to enter $Delta at its current price level with an initial target of $65.49 (or +11.17% of where it is now). Based on my trend analysis, I believe this price will be reached between the end of March and mid-April 2020.
Besides the trend analysis and tracing I’ve included in the chart, I’ve also corroborated my findings or projection with a confirmation breakout in the MACD on the weekly chart, as can be seen below as well as room for growth in the RSI before it reaches overbought territories.
Once my initial target has been met, a retracement to either the mid-channel support (yellow-dotted line) or the bottom of triangle can be expected. Re-entering at both of these levels is a good, smart way of averaging out your purchase costs before the next impulse begins.
Target: $65.49
DAL - DAILY CHARTHi, today we are going to talk about the Target Corp and its current landscape.
With more than 400 planes grounded, 737 Max crisis is still backlashing Boeing Co., and now the Boeing problem could become the industry "problem" as the Federal Aviation Administration (FAA), may fundamentally change the certification process of aircraft, by prioritizing the human factor in the proceeding. The FAA wants to appraise how quickly airline pilots can react to emergency situations and possibly evaluating how the design o planes make it easier or harder for the pilot's reaction. The proposals need to be the debated of Congress, that has been criticizing the FAA administrator Stephen Dickson over its close relationship with the industry, Dickson it's a former employee of Delta Air Lines.
The effects of the 737 problems, combined with the slowing down economy entails strong headwinds for the whole industry, plus this new regulatory change, companies could see a shrinking of its orders, and more costs to have products in-line with the new possible FAA framework. The positive highlight of the day for the sector goes to the orders coming from several airlines, like Emirates that ordered 50 Airbus A350 jets in a deal worthing $16 billion; Air Arabia ordered 120 Airbus A320s in a $14 billion deal, and Etihad will take 20 Boeing Co. 787 Dreamliners.
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DAL LongDAL Long - Daily Chart
I'm long 1600 shares of DAL at $58 average. Delta is my favorite stock to own long-term as of now. I do plan to trade around price action but this a stock that is in my Dividend Compounding Portfolio.6
Some reasons I'm bullish:
Delta's brand is one of, if not the best, in the airline industry.
Industrial's as a sector has lagged the S&P for many years now and is due for a cyclical turn around.
Technical's:
Developing an inverse head and shoulders pattern (this pattern is not validated until complete)
Developing bull flag - which has just broken top trend line - measured move target: $64.20 (new all-time-high)
November 1st gap-up has been closed as of November 14th
20 SMA bullishly crossing 200 SMA
20 SMA about to bullishly cross 50 SMA
Fundamentals:
EPS Growth (TTM vs. Prior TTM) +53.68%
Revenue % Change (TTM) +5.43%
Profit Margin (Most Recent Quarter) +11.91%
P/E (Trailing Twelve Months) 7.96
PEG Ratio (5-Year Projected) 0.70
Dividend Yield 2.85%
1-Year Dividend Growth Rate 15%
5-Year Dividend Growth Rate 34.93%
Payout Ratio (TTM) 22.74%
