DAL *UPDATE* Second Bull Confirmation Coming the 29th? *UPDATE*DAL In-line with projected analysis. Bullish prediction remains unchanged. Patience is key.
DALD trade ideas
$DAL - Nicely tested the recovery's Fibo 50% 27.38$Now the price at the middle of a "Crossroad".
What direction? Right up (Long)?
Left down (Short)?
not a suggestion, just an Idea
DELTA AIR LINES INCNYSE:DAL
Hey, everybody.
Been watching the DELTA AIR LINES INC for a long time.
I thought I'd write about it today.
Like the whole airline industry, this company has fallen heavily during the crisis and lost almost 60% of its average cost, but that's not what I'm talking about now.
Between March 19 and 26, the paper tried to buy back its fall, but it was not allowed to do so.
On 03.04 the level of 21.75 was formed, confirmed by false breakouts and touches.
22.04 - level retest. They could not take it from the first time.
24.04 - close retest.
A pressure is forming.
Leaving it on the short list.
I'll enter the short when the level breaks down at 21.75, GT and LT matches.
DELTAEn Delta ya llegamos a los puntos mas bajos, estamos en las ondas corrrectivas, esperando confirmar el 5 para buscar la onda 3 ya en tendencia alcista, que se espera se confirme ya con la reactivacion economica de USA
DAL to 25.571. DAL closed as a doji candlestick right off support on the symmetrical triangle (purple line) and as well as off a horizontal support line ($22.19).
2. While we see a horizontal support line @ 22.19, the RSI is showing an up trending support line starting from 4/06... bullish divergence!
3. Zooming into the 3H chart, we see a bullish piercing candlestick following by a doji closing above previous candlestick close -- ultimately forming a bullish harm cross (last two candlesticks).
4. MACD crossed on the 1H chart, while 8MA is currently below the 21MA
Ultimately, I believe it can reach $29-30, and eventually $37 in the coming weeks with news (reopening the economy) being a huge catalyst of course.
**Looking to start a nice small long position on DAL**
DELTA AIR LINES INC* the price is closer to going towards 20 $
* if it breaks $20 with force (candle + volume) the price will go towards $16.38
* if the price breaks $16.38 with force
next target $15
Delta airlines. Delta airlinE: DAL hasn’t recovered at all yet.
Looking at historic delta airline price levels, it was consistently high. They were actually growing. They also have dividends. The CEO came out and said positive things. They received government funding. They also have good cash on hand. youtu.be/VuauepBwefQ - CEO talking.
DAL *UPDATE* Second Bull Confirmation Coming the 29th?NYSE:DAL We'll see. Maybe opportunity to buy or add to position (average down).
Delta Airline $DAL#DeltaAirlines holded above the trendline and still struggling to keep its position.
All Delta Passengers, Please Fasten Your Seat belt !!!The new reality with the pandemic takes the airline industry 2 a new sad levels.
My Descending Triangle tells me we might c a crash in the upcoming month so pls Please Fasten Your Seat belt:)
DAL Projection *UPDATE*NYSE:DAL With rising fuel prices, its not helping the airline industry (jet fuel is one of their major expenses) combined with shuydowns. I am still bullish as this investment is getting cheaper for me to get back in at a lower price (averaging down). Still waiting for the 29th when I anticipated a bottom of $20.49 for further adjustments. An addition to this holding, an energy investment that benefits from rising energy prices may be a hedge (i.e. MR NYSE:MR ).
DAL at 2007 levels...Delta Airlines ( $DAL ) really doesn't seem to have a bid.
Waiting for the post-crisis breakdown.
$DAL in Bear Pattern, But Rallying Out of Earnings, BailoutDAL doesn't look promising, technically. But the U.S. Treasury will receive warrants to purchase over 6.5 million shares at a strike price of $24.39 with a 5-year maturity. Eligibility for $4.6 billion in secured loans, if the company chooses to apply and accept funds. Co has reduced its daily cash burn to $50 mln from $100 mln at the end of March.
$DAL looks to be a loser here. $DAL already so close to support levels and ER is tomorrow BMO. Don't see positive upside. Waiting for breakout of wedge to take down into and possibly past resistance levels.
The 4 Major Airlines - OpinionsAll,
Most of my opinions are in the text. Just think Delta is actually the most capable to take off without running into trouble right off the bat. Not saying they are the best company by any means. I am just waiting until I actually hear one of the airlines come up with a plan or have a decent earnings. I would pay attention to the airline with the best operational cash flow. Meaning their earnings might be bad, but they still had net operational cash flow to keep them alive.
Delta Ready for Takeoff (if earnings says so)All,
I think if you look at the All Time chart and work backwards in time you will see Delta is at a great take off spot. IF tomorrow goes bad + bad earnings you could see a huge sell off downwards. Either way I think a big change in Delta upwards or downwards is about to happen. Just a matter of how you play it.
#1 make sure pending tomorrow breaks this trend line and opens up positive say 3 hours I would maybe get in and set your trailing stop loss etc
DAL 1w to 6w trading outlookNYSE:DAL
This chart represents my 1w to 6w trading outlook on DAL.
Background: The unprecedented turmoil in which global airline industry found itself is yet to clear up and show signs of resolution, despite the fact that the covid-19 curve is somewhat flattening, this does not means that we are close to be back on track with the global economy's recovery. We are yet to truly and fully comprehend and measure the long term effects of covid-19 pandemic and its collateral damage to the global economy. As a result - entire industries will be reshaped and restructured and global recovery will potentially take years to get to the pre-pandemic levels of Dec 2019. Until there will be developed vaccine/herd vaccine - there will quite a lot sensitivity and edginess in the markets. CL1 (oil) broke the recent support despite the cut in production from last week which is not a bullish sign for the global economy. The market is on drugs and is not acting rationally (fed aggressively pumping money into the economy via intra-venous injections) and there likely will be bad withdrawal symptoms for the markets.
Potential catalyst this week - Q1 earnings call (expected on Apr 22nd).
This upcoming week we approaching Q1/20 earnings call (which apparently has been delayed for a couple of weeks and for good reasons).
It is obvious that Q1/20 earnings will be in red for the first time in over a decade. Since the beginning of the pandemic he company burnt through the vast majority of its cash and took on more debt and govt "relief". About 90% of its scheduled flights (=revenue) are cancelled and it is unclear when the company will return to fly at its full capacity if ever. What I will be paying close attention to is company's guidance and outlook for the rest of the year. Anything has to do with uncertainty and less-than-expected recovery outlook will potentially cause a sell-off and brake the current short-term support line (blue on the chart). As of today @24$ DAL is trading way over it's current market capitalization (under pandemic conditions and taking into account that recovery might take years) there's a lot of room towards the bottom.
Technicals - on the above chart you see near-term green support line and near-term red resistance line which outline the range in which the stock was trading in recent weeks since the outbreak of the pandemic in the US. In the last few weeks there was formed a support tine (blue line on the chart).
At the bottom of the chart you will see the white all time low line above which there are 4 yellow-ish strong historical support and resistance lines which will be relevant in case DAL breaks the short-term blue support line (potentially on the earnings call news next week). If this break happens - I expect the price to fall to 14.95$ area (top yellow historical resistance line) and in coming weeks after - followed by tumbling lower and settling to trade anywhere in the range of the yellow historical lines on the chart. If DAL breaks through and closes above 27.5$ - 28$ red resistance - sentiment is bullish and we will be looking into resistance line becoming a new support.
There are quite a few good trades that can be constructed with the described above scenario.
Share your thoughts with me.
Thank you for reading and good trading!
$DAL on ConsolidationCurrently in consolidation phase. Take note of the above average volumes for the past trading days, something we don't know yet is happening on this stock. Breakout from the consolidation area pattern is a good entry.
