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DELTA AIR LINES INCDELTA AIR LINES INCDELTA AIR LINES INC

DELTA AIR LINES INC

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DAL trade ideas

Buy fear, sell greed... Mmm airlines in general flat YTD. Anyhow buy volume on D1 Charts show bids averaging above their daily volume which tells me that there was short selling profit taking, but more importantly that there was a large amount of bidders buying the dip forming the long legged doji at support. If we look at todays derivatives action you can see the largest bidder loading up on 6,958 SEP 15 48 Calls at 1.70 (Delta .35 / IV 31.62% / Open Interest 57,412) . So all in all, I'm looking to be long the stock. Current fast Beta is at 1.21. Support: 40.90 - 42.60 (If broken it would invalidate the trade) , do note 200 Moving Average support (I'm not alarmed by price dipping below the moving average due to previous strong recoveries after price dipped below). Resistance: 47.40 - 47.96 (Use your own discretion on where to take profits) Update: I have not entered long yet, will wait until next week to decide on whether I'll enter or not. Cheers =)
NYSE:DALLong
by Daniel.B
1
DAL: Invert H&S On the DailyI have identified a potential inverted head and shoulders pattern developing in Dal. Pattern is confirmed when price closes above the neckline. Target can easily hit 52, but a more conservative target would be just below the high in case of double top formations. Why I like this trade: 1. Dal, along with the rest of airlines have reported strong earnings. 2. As of yesterday, Oil has put in a topping signal (for now) 3. Dal is within 1/3 of its' high of 51 making this patterns breakout even stronger. Have a chart that you would like a second opinion on? Comment below and I'll take a look!
NYSE:DALLong
by Ape
DAL Next leg up? 1:3 Risk/Reward tradeI have identified a bullish flag pattern on DAL weekly chart. Flag patterns are a reliable trading pattern which gives you clear entry and selling signals. Flags are a quick to meet targets usually completing in less then 3 weeks time. DAL had a straight $20 run up from its' lows (creating the pole) and then proceeded to consolidate for several weeks (creating the staff). This weeks close above the staff indicates a breakout thus signaling a buying opportunity. you can reasonably take an entry here at 47.07 and place a stop at 45.07. Target for this trade would be 53.30. giving you better then a 1:3 risk reward trade. The sound fundamentals with DAL and the continuing drop in oil prices further validates this breakout. What chart should I analyze next? Comment Below!
NYSE:DALLong
by Ape
Delta Air Lines-DAL -Daily -Trend Trading with RgMov & CCITREND TRADING WITH RGMOV AND CCI 1. BUYS = Watch for RgMov to make a 2-month high, then buy CCI readings of -100 followed by trading above, then closing above a previous day's high. Exit at 3 ATR rally or when CCI reaches +100 adding each 1 ATR advance. Stop = 3 ATR's OR if RgMov makes a 2-month low on a closing basis (2 months = 44 days) 2. SELLS = Watch for RgMov to make a 2-month low, then sell CCI readings of +100 followed by trading below, then closing below a previous day's low. Exit at 3 ATR decline OR when CCI reaches -100, adding each 1 ATR decline. Stop = 3 ATR's OR if RgMov makes a 2-month high on a closing basis (2 months = 44 days) There are plenty of other exit strategies - including using a trailing stop once the CCI has reached the opposite extreme. A simple trailing stop can be over/under the 3-day range. Tim 1:12PM EST, March 6, 2015
NYSE:DALShort
by timwest
3
DAL bullish flag above previous resistanceDAL had been a great trending stock for a couple of years but the 2014 correction was extremely deep (by the standards of this stock). More recently the June 2014 high was broken but price remained fairly indecisive just above it for a few weeks. Staying above the previous resistance, however, is far superior to dipping below, so this was the first suggestion that the uptrend could resume. The breakout on 28th November did not hold, followed by another on 5th December which also resulted in a small pullback. Yesterday's bar was far more convincing - a larger, bullish candle on higher volume confirmed the flag formation. But with the $50 half-figure approaching I will hold off on DAL for now (plus I'm already in LUV, another airline).
NYSE:DALLong
by iAnneTrader
DAL Long - Consolidating Flag (Bull); Risk:Reward > 10:1The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46 move straight up through all EMA(8/21/50), through resistance, and consolidating above. 5) Broken Downtrend 6)Weekly Uptrend Is Beautiful - Right At EMAs (8/21) (My Screen Is Too Small To Pull Up Both Simultaneously) Cons: 1) MACD Is Positive 2) Momentum Tapering As We Consolidate I like the chart, and like what I see. I'm getting long here. Possibly with a covered call, but maybe something else. Not sure what other plays are available with such low volatility, but the verticals and diagonals are getting old.
NYSE:DALLong
by TheProfitcy