DAL trade ideas
$DAL LONG ON NEW 52 WEEK HIGHS$DAL has broken out at $56 to new 52 week highs. The Stock has F score of 50 % and volume score of 63% which are suggestive of strong uptrend.
Long $DAL @59 target $64 stop 53
DAL Can't ignore this price actionSolid earnings, strong bullish pattern, what's not to like? Long here with Feb 60 calls
Ending diagonal is an other optionNYSE:DAL
As I mentioned (see link below) DAL might also be in an ending diagonal. On the basis of the Stochastic and RSI indicator I think it is probable, and there is a couple of weeks before it reaches the overbought territory. But in this case watch out for a sharp decline!
Has DAL finished its long journey?NYSE:DAL
It seems that DAL has finished its wave I and is in a flat correction. Another option is that its in an ending diagonal, but in this case it is not finished yet.
DAL bullish continuation trade setupDAL upwards trend to continue. OWS pattern and fundamental analysis suggest DAL is a strong buy. stop below low, enter with a move higher. Close position just below $59.
DAL bearish reversal + bounce12/30/17
Bearish reversal
Enter with a close at $56 resistance, stop above the high at $57 and lock in profits at $52 support. R=500, $1.26 stop gap, 198 shares, 12-day trade.
Then buy low, sell high :)
DAL longDAL has been heading up, and I think it might go farther. If it looks like a bounce is due on the latest resistance-turned-support then I'll buy around $56, stop at $55 and sell at $58. I only expect the trade to take 3-4 days.
On the flip side, a short position could work in the opposite scenario.
Delta Airlines #DAL weekly demand imbalance, long biasNew weekly demand level a round 50 for long term longs on Delta Airlines #DAL american stock. Previous weekly demand zones at 48.50 and 45.15 have played out nicely. Long term long bias at weekly and daily demand imbalances
Delta breakout possible on technicals and valuation Cheap multiple for the best performing airline. Ascending wedge favors the possibility of a breakout with minimal downside risk. Solid balance sheet minimizes the macro risk of oil continuing to rise. TVC:USOIL
homework :indicator SMAThe benefit of the SMA indicator is its visual simplicity. Traders can quickly assess the prevailing trend of price behavior from the direction of the SMA.
October 11 Earnings: Delta Airlines - Fuel, Fuel, FuelAll major airlines have enjoyed solid financial upbeat since Oil $USOIL has remained under $50/barrel.
Delta Airlines has subsequently hiked their dividend throughout the quarter and increased share buybacks.
The company is also committed to paying down debt while financial conditions allow for it.
The ITIA's latest data reports a Load Factor of 84.7% - Optimistic readings for airlines.
Traffic growth remains high at 6.8% as more people take to the skies and shipping increases.
I believe this quarter will be bullish for airlines following the summer season.
I'm starting Delta Airlines with a $55.00 PT for the post-earnings price action.
Retested & Good Price Action & Elliott Wave to buyElliott Wave, Price Action, Parallel Channel, Supply and Demand, Cup and Handle
