DAL trade ideas
DALWeekly chart of Delta Airlines. It has corrected nearly 38% from the Covid lows. Weekly RSI recently bounced slightly of the RSI 38.2 level. Has that RSI 38.2 level been a good buying opportunity in the past? DAL rebounded of that level several times over the past few years particularly when weekly Stochastic is also in oversold level.
November is its seasonality's bullish monthI respect its seasonality (free from Stockcharts . com)
I used my biased Fibonacci channel to determine a stock major trend, minor oscillations, as well as entries/exits from trading.
The Fibonacci channel is a technical analysis tool that is used to estimate support and resistance levels based on the Fibonacci numbers. It is a variation of the Fibonacci retracement tool, except with the channel the lines run diagonally rather than horizontally. The lines from the channel is used to aid in identifying where support and resistance may develop in the future. If the uptrend is expected to continue, the 100%, 161.8%, and other higher levels are potential price targets. The same concept applies to downtrends if a downtrend is expected to continue. In an uptrend, the zero-line is like a normal trendline, helping to assess the overall trend direction. If the price falls below it, it may need to be adjusted based on more recent price action, or it could signal that the uptrend is over and that the price is breaking lower. In a downtrend, the zero-line also acts like a trendline. When the price is below it, it helps confirm the downtrend. If the price moves above it, the indicator may need to be redrawn or the price is moving higher out of its downtrend.
Fibonacci channels are highly subjective. The trader chooses three points they deem to be significant, yet the market may not view these points as significant and thus may not respect or react as expected to the drawn levels. One of the complaints with Fibonacci analysis, in general, especially on short-term charts, is that there are so many levels that the price is likely to reverse at or reach one of the levels. The problem is knowing which level will be important in advance.
Break below ascending support will go to next support levelLook for more downside if Delta Air line trade and closed below the ascending support line + Delta Variant Cases spike.
Eying around $35
🟢 $DAL Target 51.21 for 21.87% (Risk Level - LOWER MED)🟢 $DAL Target 51.21 for 21.87% (Risk Level - LOWER MED)
Next add at 37.50
Or double position at 32.83
I posted this one yesterday but they I got the dreaded 24 hr TV flag restriction 😬 I couldn't chat either 🤣... haha... it's ok...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Technical analysis update: DAL (13th July 2021)Delta Airlines experiences correction for about four months now. ADX continues to climb above 27 points which suggests that trend might be near its peak. In addition to that RSI fails to cross below 30 points. Such phenomenon in RSI tends to correlate with strong bullish trend of higher degree and weak bearish trend of lower degree. MACD and Stochastics remain bearish. Despite that we would like to set our short term price target for DAL to 45 USD and our medium term price target to 47.50 USD.
Correlation with LUV:
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
DAL - ready for a breakoutwave 4 reached a logical target.
Price taget: 60-63
Bearish invalidation at 37 USD
$DAL Delta Airlines Trendline Alert
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
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DAL enter after earningsLooking for a retracement similar to previous earnings. Indicators are showing some signs of reversal but will wait for confirmation on the reversal before entering swing trade.
🟢NEW POSITION $DAL Target 52.04 for 21.45%$DAL Target 52.04 for 21.45%
Or double position at 33.66
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
I finally added my YouTube Training Video to my profile tagline since I’m not allowed to on here. It’s a quick 15 minute training video on how to set up your chart and how to spot opportunities. So check here first but If you have questions just message me.
WATCHING $DAL for ENTRY TARGET @ 42.98 WATCHING $DAL for ENTRY TARGET @ 42.98
I’m practicing to really nail my entries better… if it hits 42.98 I'll play.
Potental Butterfly Pattern DALThis looks like if action of price can fall down it might hit that structor level in hte bottem if price action goes there we might see a butterfly pattern happen! But i have no idea at this point.
Delta Airlines DAL Long position DAL is showing a bounce off previous structure high. Expect DAL to continue to move bullish with minor turbulence. Very low risk trade. I am in this trade myself. I DO NOT share ideas that I am personally not invested in myself. Happy Trading and don't forget to follow me on TWITCH for weekly updates ...
www.twitch.tv
DAL: Update - Potential Range TradingSource text
On Friday we saw a price increase of up to 5.5%. Actually a small possible withdrawal is expected. Anyway we can see the price going higher without being corrected.
I placed two potential scenarios on the chart.
Targets:
$48.80
$51.20
Thank you and Good Luck!
🛑Disclaimer🛑
The content of this analysis is subject to change at any time without notice. Trading leveraged products carry a high level of risk and may result in you losing substantially more than your initial investment. This is not financial advice.
Previous analysis:
$DAL: Potential Range TradingAs we can see the bullish momentum is pushing the price above the support zone. This is a signal that we have higher chances on our side and that the bullish momentum will increase more in the coming days.
Targets:
$48.80
$51.20
Thank you and Good Luck!
🛑Disclaimer🛑
The content of this analysis is subject to change at any time without notice. Trading leveraged products carry a high level of risk and may result in you losing substantially more than your initial investment. This is not financial advice.
DAL: This Move Is Only a Matter Of Time Before It HappensDAL: This Move Is Only a Matter Of Time Before It Happens
Targets:
$48.80
$51.20
Thank you and Good Luck!
🛑Disclaimer🛑
The content of this analysis is subject to change at any time without notice. Trading leveraged products carry a high level of risk and may result in you losing substantially more than your initial investment. This is not financial advice.
Wait for opportunity Even though DAL still in the ascending channel.
But we see volume decreasing recently.
Start long position unless it gets its momentum back and closes above $47.3 sometime next week.
Wait for the opportunity, don't rush to open a trade even it is along with the downside of the channel.
For self-education use only. Not financial advice.
DAL. Looks like it is trying to go back.On daily chart it's looks like some kine of broadening formation with possible partial decline (see T.N. Bulkowski). The price has retested the line which was a resistance of previous base and now it's support. If so - can move higher to the upper line of formation which matches with old resistance level and a border of covid gap down.
Not a recommendation. Just an observation.
