DALD trade ideas
$DAL Delta Airlines set for Take off
DAL is one of the most bullish setups among the Travel & leisure stocks.
Downtrend Broken.
Golden cross on Moving averages (50 crosses above the 200).
Broken above dead cat bounce Fibonacci level 0.382.
Targets
-$38.78 Gap fill open
-$39.98 0.5 Fibonacci retracement
-$41.73 Gap fill close
-$45.29 Major resistance at Fibonacci Golden pocket
Inverse Head and ShouldersLong entry (LE) is when price breaks the resistance of the neckline with a strong uptrend
Possible T2 59.2 to 65.6
Possible stop below 30.10
Monday travel stocks gapped up. Seems most are filling their gaps and have pulled back
Just an observation
Often easier to look through the rearview mirror than the front windhield (o:
DAL - Elliottwave analysis - Swing set up - Bear caseDAL - It is in Y wave down within WXY correction down. The X wave was triangle and seems its over, but it will confirm, once price break down below 27.89 level. It is a sell set up at current level with stop level above 34.02 for target below 28 or even lower. It is under performing the SPX, which is added benefit to the trade set up. As alternate count, it can extend the E wave in further triangle, so if price doesn't fall soon then there will be extension within correction, so stay small initially in trade and add more after confirming down cycle.
Give thumbs up if you really like the trade idea.
DAL TradeWatching DAL for a day or two.
Looking at the chart in yellow, loos to be a bull flag.
Target is the green line, while the red is a stop point.
Cases for:
Selling pressure is decreasing. The volume for selling is less than the buying.
Each attempt to go below 30.12 we see a bounce.
RSI volume is going upward.
Cases against:
UK and Europe going into lockdown.
uncertainty due to election.
Enter: 30.60-30.80
Target: 31.25.
Stop: 29.75
best of luck,
--d0x
$DAL Delta Airlines Pre Earnings Analysis
Potential Long entry on the back of earnings tomorrow if
commentary is any way encouraging.
Major resistance sits at $34.67-
-Fibonacci .382 level
-200 Moving Average
-Sloping Downtrend
Alert set for $35.00 .
This could be a massive week for the airlines and BA