Delta riding below previous supportDelta did a slight drop below the 57.49 support. It has created a new horizontal support at 56.96.
I'll do a more in depth update later.
Travel
Possible slight dump for Delta (at least bearish signals)After correctly calling the patterns to turn out as a loss a few days ago (my arrows in purple), I am seeing more of the same. Tomorrow they will most likely hit (or come close to) my 57.49 support line. This has already been a solid support so what we need to see is a strong bounce. Look for signals at 6:30 to 11:00 AM PST tomorrow as to what it is doing. If it closes at all below my support we may be looking at a dump, or the bears finally taking over DAL stock.
Delta looking bearishAs predicted in my last Delta post, we had major gains today. But alas, it is looking slightly bearish as of this post. If we close below the bottom of the fan/resistance line we will be looking for a possible dump.
Look for gains in Delta (DAL)When you look at Delta (NYSE: DAL), you see a clear resistance but a triangle pattern. When adding a pitch fan you clearly see obvious tests of both the resistance zones. With the gains and natural consolidation you see clear bull flags everywhere. Gains are expected to rise at the beginning of trading at 6:30 AM PST. If I were to guess they will occur around 7:15 AM PST. Major changes (in relation to breaking resistance zones/trends) will end FOR SURE at 8:30 AM PST.
Buy at 3.95 dipTA only, long term trade - look at this company for +/- related to accommodating Electric/ Autonomous/ AI trucking needs
JET: Ready for take-offJET was by far my best performing stock for 2017/2018, and my first 5 bagger.
Chart looks like it's ready for a move again. Similar price action to this time, last year.
Resistance at 0.75 to 0.80 but that is still some nice gains if you can get a stink bid filled as tax loss season ends.
No trade this week.I do not have a trade this week, I am currently traveling and by me providing trades at this time will not be of the highest quality.
I will see if there are more opportunities next week to post.
PCLN Ready to move back up? PCLN is back on my radar as they're pricing out a large debt issue. Typically this is done before a large share buyback or a major acquisition. Whether this is good or bad for the stock is up for debate, but it does mean a catalyst for volume will be coming. I'm personally opening up a long position as there are three indicators like:
PRICE - This stock has slipped almost 10% over 4 weeks on no news, sitting close to it's 4 week low. I see this as a value since there has been no major shift in management or real sentiment in this company. The stock bounced on 1150 which seems like an important psychological level. I'm setting a stop loss here as a safety, since $1152 is a fairly strong support level.
MACD - The histogram is back on the bullish side, and the fast line is making a relatively clean cross over the slow. This is typically bullish, but the past few macro events have been pushing it down.
VOLUME - The volume level appears to have double bottomed and is starting to accumulate. Watch this closely, as it starts to creep back up, traders will be accumulating positions. This will serve as confirmation for any major movements.
Bullish on PCLNDaily accumulation is starting to return, which may indicate the worst selling is over. Break above 10 day resistance may serve as an indicator that this stock is ready to run to it's next point, the ~$1250 range.
