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Aviation

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
NYSE:DALLong
by ZpaceBuddha
1
ICAGY short-term short play -- currently near channel topICAGY is a great value stock, and I've been watching for a turnaround for a long time. It's got excellent analyst ratings, a good dividend, and a great P/E. Unfortunately, it's been in a downward trend for months and is likely to continue downward until a significant catalyst such as a beat on the August 2 earnings report. It got a bump a couple days ago when it announced a big order of new Boeing jets, but this only pushed it to the top of its channel. With a lower high and bearish divergence on the MACD, I expect a turn downward toward channel bottom on Monday. The alternative is upward channel breakout, which is unlikely but would be nice. Sidenote: ICAGY always does really well in November, leading up to its dividend payout, then drops hard on the ex-dividend date. That'll be a good month to go long on this stock, if not before.
OTC:ICAGYShort
by ChristopherCarrollSmith
ASX:AQZ Alliance AviationASX:AQZ is now testing the bottom of the trendline. If broken, look for support at $1.685. Alliance Aviation looks like a good buy now, however, the risk of it falling out of the channel is still present because the RSI has yet to curl up and the 10 and 21 ema(s) are starting to curl downwards. I wouldn't catch the falling knife although some people love catching the bottom. A safer entry would look at waiting for the RSI to cross back above 50, prices to cross above the 21 ema or at $1.895 and above with stop-loss @ $1.845 If you intend to enter now, stop-loss at $1.705. Short-term target $2.060. A slightly longer-term target $2.265 A fall below $1.705 will invalidate this view.
ALong
by paper_value
WILL TRUMP’S INFRASTRUCTURE PLAN INFLUENCE THE DIRECTION OF OIL?Hello Traders, In this short weekly outlook it is not about any trading setup rather than an opinion if Trump’s infrastructure plan will influence the direction of Oil prices in 2017 and beyond? First, if we look at the US Oil price we can basically see three phases so far. We will start back in 2014 as oil prices started to plump massively in Q3 of 2014 from around $120/bbl. down to around $50/bbl. by the end of Q4 2014. This was an impressive loss of around 58%! However, this was not the final depreciation of oil as it started to fall further in mid-2015 below the 11year low of $33/bbl. Beginning of 2016, oil found its current button and started to increase again as it currently trades in a narrow range of around $52-53/bbl. Technically speaking, after US president Trump won the election in November 2016, oil prices broke the significant resistance level of $52-54/bbl. ($54/bbl. UKOil) to the upside as it currently trades in a narrow range waiting for significant driver for either direction. Technically speaking, oil seeks to break out of the narrow range in near future as it creates bullish signs in lower timeframes. Target may be around $60/bbl. as it will face there the next significant resistance level. This price target may be the direction oil faces on the technical side for 2017. Now coming to all the factor that oil influences in terms of price movement and direction. After the US elections in November, 2016 took place and president Trump won for the republicans to run office as 44th president of the United States, the oil price rushed a couple days from $43/bbl. towards the major weekly resistance zone of $51.5/bbl. to flirt with that level. Just several weeks later oil formed a narrow range in which it currently trades. Let us break down the price movement of the oil and the current divers. We define 3 main drivers as significant for oil development: Demand/Supply Ratio and their effect on further oil gains Causes of OPEC Output Freeze Sector Development causing massively demand for oil US Policy plan – Infrastructure and border tax plan by President Trump In 2015 oil started to recover a little as it also shows our Supply/Demand Ratio stated to fall in the first half of 2015 to stabilize in the range of $50-60/bbl. However, in the second half of 2015 oil turned again and reached its current swing lows after breaking its 12-year low $33/bbl. and reached $27/bbl. During this time, global oil prices continued to suffer from the oversupply (shown in our ratio), the increased signs of a slowdown in the Chinese economy and a devaluation of price in global equity and commodities markets. In 2016 market saw some wide recovery as the Ratio started to swing towards bullish sentiment. Global supply gave hints of declining non-OPEC supply and efforts to alleviate the persistent supply overgorge. This is also shown in our ratio in our main article. Additionally, OPEC stated started to meet for a possible Output Freeze to bolster demand surplus to strengthen the oil price. This will affect many countries as they depend of oil development (eg. Venezuela, Russia and Brazil just to mention a few). (...) Obviously, we don’t know whether this will happen or not. This analysis could also be wrong. Keep in mind that trading is probably game. Nobody is 100%. With this analysis, we wanted to show you why WE think that oil COULD be supported throughout this year to reach $60/bbl. This is not a guarantee for accuracy and that is will happen. We hope this article clarified some of our objectives on the development of oil. As always trading is a probability game and nobody is 100%. And please do keep in mind that this is just OUR PERSONAL Opinion. Have a great Sunday. Your Secrets2Trade Team
TVC:UKOILLong
by secrets2trade