DELOREAN (DEL:ASX)DEL was in a falling wedge pattern after entering the asx and hitting $0.42c and falling as low as $0.18c but has since broken out of that pattern and looks like it's ready for a reversal. IPO price was $0.20 and it's currently consolidating around that price area. It also recently confirmed a lower higher. DEL looks like a solid buy at it's IPO price of $0.20 with the company showing promising financials, revenue, net profit, no debt and a P/E of around 6x. It's definitely a long term play but could provide some solid returns in the short term as it's financial data is signally it to be undervalued. DEL also has a 54% Return On Equity which is very impressive.
*Note, This is not financial advice.
DEL
$TACO Looks good for a nice clean setup!I believe Del Taco should finally break out of this trend line it's been stuck on!
Airlines Investment PlanAirlines are currently taking a beating and Throughput is decreasing drastically each day. At the beginning of March throughput via TSA was recorded at 2,280,522. On March 31st, throughput was recorded at 146,348.
68 TSA screening agents have tested positive for COVID-19 and Airlines will continue to suffer while throughput is low.
This makes for a great time to buy discounted shares in $UAL and $DEL
Plan:
Accumulate shares in Delta Airlines as well as United Airlines once a week or every $2 down for the time period that United Airlines and Delta are in their respective buy areas.
United Airlines and Delta will recover! The government will also likely bail them out!
Ask yourself this. 2 years from now what do you see the Airline Industry looking like? Are you willing to let your investment sit for 2 years?
If the bottom ends up being $5, great you likely were able to accumulate at $22.50, $20, $18, $16, $14, $12, $10, $8, $6 and more.
If the bottom ends up being $15, great you likely were able to accumulate at $22.50, $20, $18, $16 and more.
If the bottom is $23 you don't get a single buy-in, great you risked nothing. Do not purchase shares because you feel that you missed out on your target prices. Stick with your targets.
My goal is to get 5-20 buys of Delta/United in the buy area. If your unit size is $1000 each that is $5000-$20000 invested.
The goal is to hold these shares to a minimum of $45 each before I start exiting. I do not plan on exiting all at once.
ShortEh decidido entrar en corto en esta operación dado que me a confirmado un retesteo en niveles importantes del precio encuentro una divergencia en 4 H y en 1H asi que espero con posiciones de venta a este momento. tambien tengo una formación de patrón armónico hay que agregar que tenemos un techo que es posible funcione como resistencia y genere en ansiado doble techo en 1 H para confirmar confluencias.