DAL trade ideas
DAL - Swing to $26The right shoulder on the reverse H&S may have bottomed. It's important to note that the neckline is tilted on the upside, so I'm giving the bullish case extra weight. There's the 200 in the way and a trend line since the initial recovery, but with states easing, I think we can see it bump to $26 in the short term. Like I said, however, lots of things in the way so exercise patience and wait for confirmation because we're still in a bearish trend overall.
Same story then rise into elections...tehre is no way trumpo is going to lose this battle to terrible joe
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Nearing Speculative Buy PointAirlines have been dumbstruck by this health crisis and many have lost all the stock gains since the financial crisis. That being said... we are still going to use airplanes right? Maybe they'll need to update health and safety procedures and spend a little more money on cleaning the planes, but we don't really have another feasible option for long distance travel, SOO... Future Demand exists.
The descending wedge pattern we've been in since mid-March may be a reversal pattern. I would not recommend entering a long trade until we get confirmation of a reversal on the shorter time frame and a daily break out of this wedge pattern.
Delta Air Lines Inc Bargain BuyHello friends, followers, and traders,
Delta airlines have announced that this coming June customers will see the return of several major routes, both U.S. domestic and international, which were previously suspended due to the COVID-19 pandemic.
As we approach June I suspect there is going to be a burst in price action across several markets as a direct result of borders opening. What we can expect in the following months; CFDs will climb, however, the need for hedging funds will decrease as people return to work and play. I believe this will negatively impact precious metals along with BTC and cryptocurrencies.
Here on this chart, you can see that I have plotted a course of action for the price. We may not see a correction here on the 4-hour timeframe giving the fact that Delta is sitting at a bargain buy yet at the same time Delta technically is due for a correction which is why I have included this on the chart.
The next move up is the .618% Fibonacci level, aka a benchmark for a standard retracement but also noted, what was support now turned resistance. We can expect some kind of strong reaction to this area and will most likely see a minor correction after being rejected by this resistance area.
Delta Update
Good Luck
Cheers!
DAL is on Historical Key Level! Welcome to Profitlio Trading!
What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work.
DAL showing a historical key level and where price held very strong from COVID19 crashes. Expecting to be a good turning point at this level. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!
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Profitlio Trading ( Since 2014 in Financial Markets )
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DALweekly chart :
W have a good support here , for gradual consolidation , target is between 50-62 Fibonacci .
best luck .
Delta Air: $21.85 | The MEMO is OUT defined no middles seats among other checklist
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Buy in DELTA AIRLINES stocks at the beginning of the market!The crab pattern reveals its trend.
Take it!
Delta Airlines - DAL Technical AnalysisThe prices are moving sideways with a weakness signal (Descending Triangle) - Based on probabilities and on Fundamental Analysis (Virus still with us) the idea is to go short.
Target price 15.00 (Round Number) - Only if the support line will be broken.
I think that it is too long to start thinking to invest for a long term investment.
#DELTAAIR #DAL Can Have A Little Upwards Bounce In Weekly ZoneTraders, This stock price is not looking good. But we are reaching a zone where it Can Have A Little Upwards Bounce In Weekly Zone.
P.S. (This is for education only. Not a financial advice or signal.)
DAL - The Airlines Are Not Looking to HotChecking Back in with Delta Airlines. Check out our previous analysis on these as you can see how we've been playing them and get an overall feel of the direction we're going. Our previous posts provide some detail towards our positions.
Short and Sweet Fundamentals:
1. Delta just suspended flights to 10 major airports through at least September: Chicago Midway, Oakland International Airport, Hollywood Burbank, Long Beach, T. F. Green International Airport, Westchester County Airport, Stewart International, Akron-Canton, Manchester-Boston Regional Airport and Newport News/Williamsburg International Airport.
2. DAL is trying to cut losses anywhere possible as they're burning through $50-$60 million per day.
3. At current pace, they're scheduled to run out of the Stimulus $ by the end of June.
Technical:
1. We have a bearish pennant. There was a clear break and a retest.
2. If you entered the short position on the break where we have the purple circle on the chart, we're looking to play this down to the following targets:
Target 1: $17.09
Target 2: $12.67
Target 3: $6.41
I would keep a trailing 4-5% stop loss on this one as we feel price could get volatile. The trailing stop will keep you position going if DAL tanks.
Not to leave the bulls hanging out to dry, they would like to see a Double Bottom at $19.00 area and a reversal (unlikely, but anything is possible when the FED is printing). As we've mentioned before, we're personally not long on airlines until we start seeing people fly again.
Hit us with a like and a follow for more updates. Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Why can't I make myself press the sell buttonHey guys,
So I still am looking for a long entry in these poor, pitiful, beat down airline stonks. This trend break is looking more bearish than anything though. Maybe we can pump it up past this trend line in the week. Otherwise we might have some more downside in the near future. Warren Buffet called it.. that son of a biscuit. He sold his airline stocks at a loss, but it would have been a much larger loss if he hodl'd. Anyways, Happy trading,
- Matt
Do Planes Fly? (DAL)Symbol: DAL
Sector: Airlines
Delta airlines is currently testing rock bottom.
Horizontal support at low of 21.26 needs to hold or we could see sell off.
Adding to this position at current price I like.
We are closing with lower highs down over 190%
We have so far attacked support area 4 times almost directly and held.
What we would like to see next is price to hold support and start to curve into the gray triangle as our pennant compresses. Then look for breakout above the black dashed line.
First target 24%
Second target 56%
Third target full recovery 190%
Great opportunity, this is the patterns we want to focus on.
It is ideal to wait for the Crossover and than the breakout for a strong confirmation.
Limit at 21.26 see if we can get filled and set a tight stoploss and play that level closely in case of break down.
I will stay updated on Delta Air Lines on this post below.
DAL May 12, 2020 DAL looks very bearish in the next upcoming days/weeks. It should definitely break $20 support group and plummet lower.
Buyers should keep an eye on this one.
DALStill bearish and getting more bearish due partially to the bullishness on my Twitter/Stocktwits timelines. Been adding to June puts ever since the wedge broke down and will double my position if/when $20.50 breaks. The market has given airlines every chance to rally but this chart is STILL bearish no matter how you cut it. Will cut the trade above $24.50.
From an overall trend standpoint, here is what I would need to see to be NOT bearish (not necessarily bullish, but maybe), in order of importance: 1) WEEKLY AND/OR MONTHLY RSI to close above 30; 2) Daily RSI to close above 60; 3) Daily close above 50 sma. Until all 3 of these occur, my personal opinion is that this could see sub $5 prices again.
DAL May 11This is my technical analysis for DAL - very short term ( next 2 days) bullish (Based on hammer and shooting pattern), but then I feel it will drop significantly.
Delta Airlines May 11 2020
