DAL trade ideas
DAL at 2007 levels...Delta Airlines ( $DAL ) really doesn't seem to have a bid.
Waiting for the post-crisis breakdown.
$DAL in Bear Pattern, But Rallying Out of Earnings, BailoutDAL doesn't look promising, technically. But the U.S. Treasury will receive warrants to purchase over 6.5 million shares at a strike price of $24.39 with a 5-year maturity. Eligibility for $4.6 billion in secured loans, if the company chooses to apply and accept funds. Co has reduced its daily cash burn to $50 mln from $100 mln at the end of March.
$DAL looks to be a loser here. $DAL already so close to support levels and ER is tomorrow BMO. Don't see positive upside. Waiting for breakout of wedge to take down into and possibly past resistance levels.
The 4 Major Airlines - OpinionsAll,
Most of my opinions are in the text. Just think Delta is actually the most capable to take off without running into trouble right off the bat. Not saying they are the best company by any means. I am just waiting until I actually hear one of the airlines come up with a plan or have a decent earnings. I would pay attention to the airline with the best operational cash flow. Meaning their earnings might be bad, but they still had net operational cash flow to keep them alive.
Delta Ready for Takeoff (if earnings says so)All,
I think if you look at the All Time chart and work backwards in time you will see Delta is at a great take off spot. IF tomorrow goes bad + bad earnings you could see a huge sell off downwards. Either way I think a big change in Delta upwards or downwards is about to happen. Just a matter of how you play it.
#1 make sure pending tomorrow breaks this trend line and opens up positive say 3 hours I would maybe get in and set your trailing stop loss etc
DAL 1w to 6w trading outlookNYSE:DAL
This chart represents my 1w to 6w trading outlook on DAL.
Background: The unprecedented turmoil in which global airline industry found itself is yet to clear up and show signs of resolution, despite the fact that the covid-19 curve is somewhat flattening, this does not means that we are close to be back on track with the global economy's recovery. We are yet to truly and fully comprehend and measure the long term effects of covid-19 pandemic and its collateral damage to the global economy. As a result - entire industries will be reshaped and restructured and global recovery will potentially take years to get to the pre-pandemic levels of Dec 2019. Until there will be developed vaccine/herd vaccine - there will quite a lot sensitivity and edginess in the markets. CL1 (oil) broke the recent support despite the cut in production from last week which is not a bullish sign for the global economy. The market is on drugs and is not acting rationally (fed aggressively pumping money into the economy via intra-venous injections) and there likely will be bad withdrawal symptoms for the markets.
Potential catalyst this week - Q1 earnings call (expected on Apr 22nd).
This upcoming week we approaching Q1/20 earnings call (which apparently has been delayed for a couple of weeks and for good reasons).
It is obvious that Q1/20 earnings will be in red for the first time in over a decade. Since the beginning of the pandemic he company burnt through the vast majority of its cash and took on more debt and govt "relief". About 90% of its scheduled flights (=revenue) are cancelled and it is unclear when the company will return to fly at its full capacity if ever. What I will be paying close attention to is company's guidance and outlook for the rest of the year. Anything has to do with uncertainty and less-than-expected recovery outlook will potentially cause a sell-off and brake the current short-term support line (blue on the chart). As of today @24$ DAL is trading way over it's current market capitalization (under pandemic conditions and taking into account that recovery might take years) there's a lot of room towards the bottom.
Technicals - on the above chart you see near-term green support line and near-term red resistance line which outline the range in which the stock was trading in recent weeks since the outbreak of the pandemic in the US. In the last few weeks there was formed a support tine (blue line on the chart).
At the bottom of the chart you will see the white all time low line above which there are 4 yellow-ish strong historical support and resistance lines which will be relevant in case DAL breaks the short-term blue support line (potentially on the earnings call news next week). If this break happens - I expect the price to fall to 14.95$ area (top yellow historical resistance line) and in coming weeks after - followed by tumbling lower and settling to trade anywhere in the range of the yellow historical lines on the chart. If DAL breaks through and closes above 27.5$ - 28$ red resistance - sentiment is bullish and we will be looking into resistance line becoming a new support.
There are quite a few good trades that can be constructed with the described above scenario.
Share your thoughts with me.
Thank you for reading and good trading!
$DAL on ConsolidationCurrently in consolidation phase. Take note of the above average volumes for the past trading days, something we don't know yet is happening on this stock. Breakout from the consolidation area pattern is a good entry.
DAL Projection *UPDATE* 1st Bull confirmationNYSE:DAL Good buy point or wait next week for 2nd confirmation/pull back
DAL Buying target, hold or quick trade + holdPrior targets were off slightly but still got in out and with them. Fine tuning the wedge lines to be more conservative the targets now are buying @23.07 and selling @24.40 for a quick 5.6% gain. If this wedge bounce happens, I think it will be the last one that is worth risking missing out on the breakout. It might not even be worth it at 5.6% because the best option is to buy back in shortly after anyways.
A solid break out past the resistance line at 25.50 will confirm the wedge pattern is broken and the medium term target of $35-42 will be at play. Buy at 23.07 ands sell when some great airline news comes out, or sell for a little profit inside the wedge and quickly repurchase when it gets close to the support line again.
DAL short term wedgeShort term this wedge pattern looks like a promising target to buy once it reaches support. If I had any DAL that I bought cheap I would be selling right now, or hold any long term assets since this is a very short term pattern that is high risk if you are at a loss.
UAL: Trade Between These Lines Until Earnings Are Up!Good news from Trump! He wants to open up the economy but the decision ultimately lies on each State's governors.
Likely will be heading higher but follow this line until the earnings report.
Dal A gif from Warrenmany news about Warren buffet selling dal
well i think is time to buy airlines are in the bottom
all indicators indicate a bounce
goverment possible another bailout 25 bill
amazing long trade
pt 26 32 36 42
support 22 20
DAL Projection *UPDATE*DAL Dispite negative headlines, investors are waiting for COVID-19 to pass to get into the biggest money pool in history. However, Tomorrow, if volume spikes 25% or more over 50-day average and the price goes down, I'd wait
DAL - Delta Airlines - Who Will Own The SkiesA lot of Buzz around the airline industry since the bailout this week, so we're taking a look at Delta ($DAL), along with every other person who just downloaded their Robin Hood account this month. Hearing a lot of the "airlines are so cheap, airlines can't fail, people aren't going to stop flying" comments.
Correct, people will not stop flying, just depends on who owns the plane. Airlines can most definitely fail. American Airlines is still fresh off Bankruptcy that occurred in this decade!! Airline operating costs and gas do not come cheap. Why do you think you're paying $4 for a bag of potato chips.
Fundamentals:
1. Buffet just dumped $314 million worth of Delta shares alone this month
2. Delta just accepted the Stimulus $ in which they can use to stop the bleeding, but they can't lay off any employees (around 90,000 of them) at least until September. They're burning around $60 million per day, so they expect that money to be gone by around June unless they get more $ or people start flying
3. DAL had around 600,000 passengers on a given day in March, they're now around 38,000.
Technical:
We see price consolidation and price seems to have found support around $20-$22 range. Usually this is a continuation pattern forming, which leads to more downside.
If you're going to play this, this is a complete gamble at the moment. Would only buy to go in and out quikc trades. We're not long on airlines until we start seeing people book vacations and businesses stop using Zoom instead of traveling for work.
Go tight with the stop loss, as any breaking news can push the stock either way.
If we play it, target buy at $21.50-$22.00 with a stop loss at $20.00. Target #1 at $28.78, Target #2 at $34.82.
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.
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DAL *UPDATE*NYSE:DAL The authorities (Treasury, Government, Congress, Fed, etc.) are stepping in to help airlines, etc. With low fuel prices (i.e. jet fuel prices) remaining low, I am still bullish on DAL
Delta Air Lines $DAL#DeltaAirLines is just sitting above the strong support. I would expect it to bounce back even tough it seems beairsh in daily
$DAL short swing ideaI like $DAL short below today's low ($23.31) with a HOD stop loss and $20.76/$19.10 profit targets.
Delta Resistance ZonesNYSE:DAL
What I think are strong to very strong resistance size of resistance if broken enters consolidation or reverses.
