DALD trade ideas
DAL Golden Cross suggests Wave 5 For a pedestrian industry, DAL has shown bullish consolidation in a rising channel for years. The Golden Cross (50d SMA crossing 200d SMA) today follows stronger than usual price/action, similar to the last one in Nov 2016., where there was a 38.2% retracement before continuing upwards, this time 53.24. We allow a little more because of the earnings gap, and enter at 52.30.
The Feb/Mar consolidation zone is resistance, so the stop is placed below it at 48. The target of 70.50 is ambitious, outside the channel (unless we get another long bullish consolidation), but we are relying Wave 5 being equal to Wave 1 (the last GC). This gives a RR of 4.23.
Trend Analysis - 4hr Interval - DALHello Successful Traders,
The stock (DAL) has manifested a volatile move within today's (April 10th) fundamental release. Acknowledging the release (positive), followed by an immediate (almost) bearish movement. To numerous traders, this ideology of direction may be quite concerning as many indicators (approaches) had proved sufficient approval for a movement upward (bullish). Trade the market PA (Price Action) and not the impending speculations of what could be.
Resistance Level 1 - (61. 15 - 61. 45) 30 cent interval
Key Price Zone (KPZ) - (57.65 - 58.00) 35 cent interval
Support Level 1 - (47.95 - 47.25) 30 cent interval
Support Level 2 - (44.95 - 45.25) 30 cent interval
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Mindful and Stick To Your Trading Principles)***
-LionGate
DAL: Fly the Earnings Friendly SkiesDAL is in the midst of a uptrend that will be setting higher highs. They beat on earnings as a player in the airline carrier industry while Boeing and Spirit Aerospace and Airbus and other aerospace manufacturing stocks are taking a beating from a combination of the 737 Max crashes and resolution process as well as President Trumps talk of taxes on the European Union from their backing of Airbus with subsidies.
Delta's already been riding high on high expectations from those holding, to expect a little profit taking from the short term holders scared of a recession, but I expect their uptrend to continue. There was a slight dip yesterday due to background beta activity of the entire market dipping a few percentages, but it's just going to act like pulling down on the plunger of a pinball machine.
For technicals, everything is strong. They're above the 200 day average but not so high that I expect a fast reversal. ADX and DM+ are showing a strong upstrend forming over the last week or two with a likelihood to continue onward. RSI is a little high already in the 70s, but I expect it to either hit or come close to 90 before any stagnation on this current earnings reaction. They're walking up the upper Bollinger band right now and it should widen up quite a bit before narrowing again when the holders decide if they're in for the short or long haul. Also, the 20 day average has begun to cross the 200 day, and the 50 day average is quickly closing up behind it as well.
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.
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.
Can Delta Fly Higher?Delta Airlines is off to a strong start in 2019, but can they keep it up? New information coming out says that Delta has setback cameras installed however they are not watching passengers... The Megalodon is giving us a buy sign on the technical side.
The Megalodon indicator uses an artificial intelligence, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes!
DAL Approaching Support, Potential Bounce!DAL is approaching its support at 50.46 (100% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 54.70 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching support at 2.9% where a corresponding bounce could occur.