Delphi: An undervalued stock but buy on the break-out.We have been following this stock since its dramatic fall in 2018, closely monitoring where the bottom could be. Following last month's results, the price skyrocketed above $15.00 from the all time low of $9.50. This is not yet a reason to get excited as the jump found Resistance on the 1D MA200 (RSI = 70.494, MACD = 0.890, ADX = 31.232).
The MA200 (orange line) on the 1D chart has been rejecting every upside break out attempt since the 2018 fall started. Even though the second half of 2019 appears to be a bottoming sequence, in order to be sure that investors' interest is real, we will wait for a break above 21.00 before investing on DLPH. Above the 27.00 barrier the upside potential becomes tremendous.
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DLPH
DLPH In downtrendDelphi stuck in a descending channel, reversal at channel resistance is most likely.
$DLPH completed cup and handleBullish on $DLPH, significant accumulation, completing a nice cup and handle. Long.
2018-09-24-DLPHTomorrow I will look for a SHORT on DLPH during the day while price is moving towards SMA200, and while SMA20<SMA50.
SL 0.52%
TP 1.56%
DLPH- Short from present priceDLPH is falling forming a Head & Shoulder.
Entry Target Criteria- below $62.00
We would consider November $50.00 Puts which is trading currently at $2.35
Possible H&S on DLPHStrong earnings on 2/5/16 helped form the head of this possible inverted head and shoulders. Watch for the neckline at $67.50 to hold as support. If it does price will likely retest resistance at ~$79.
