DEAI34 trade ideas
homework :indicator SMAThe benefit of the SMA indicator is its visual simplicity. Traders can quickly assess the prevailing trend of price behavior from the direction of the SMA.
October 11 Earnings: Delta Airlines - Fuel, Fuel, FuelAll major airlines have enjoyed solid financial upbeat since Oil $USOIL has remained under $50/barrel.
Delta Airlines has subsequently hiked their dividend throughout the quarter and increased share buybacks.
The company is also committed to paying down debt while financial conditions allow for it.
The ITIA's latest data reports a Load Factor of 84.7% - Optimistic readings for airlines.
Traffic growth remains high at 6.8% as more people take to the skies and shipping increases.
I believe this quarter will be bullish for airlines following the summer season.
I'm starting Delta Airlines with a $55.00 PT for the post-earnings price action.
Retested & Good Price Action & Elliott Wave to buyElliott Wave, Price Action, Parallel Channel, Supply and Demand, Cup and Handle
7.30.17 | DAL | Falling Wedge BreakoutDAL just like AAL looks like it is ready to breakout out bullish from a falling wedge. Price is oversold on Stochastic's and the Sentiment Zone with the RVGI crossing over bullish. The first target is on the 31.8% line at about $51.97 which should be hit by Thursday or Friday. Use your 8 EMA or daily volatility to place your stop.
Double Bottom for DALDAL present a double bottom pattern with a support on 44 and the Stoch RSI Indicate that the stock is oversold zone, waiting for a touch on the support level , we might can see a bounce back above Fib. Levels
Perfect dance on trendline from DALDelta just jumped off perfectly on the trendline. Volume raised and now there is a reason for me to go long.
PT: 54-56.
Fly eagles fly $DAL $UAL $LUVI'm still tracking the airlines with a big smile despite a vicious retest of "range breakouts" that occurred last month. Delta is my chart favorite. This is less of a range breakout and more of a slow grind up. Currently showing some nice divergence on the hourly near long term resistance. I only buy on strength so I will wait for a SOLID higher low/higher high.
The options are trading tight and deep - aka good spreads and great open interest/volume across many months and strikes. The implied volatility is low, so the options are relatively cheap. Since this stock is grinding higher slowly, I am happy to buy time when the IV is so low,
DALDoji candle today sitting at the support area hopefully starts to see green tomorrow. But Wait for confirmation before going long.
Delta Airlines: bump and runWe can see a clear bump and run reversal pattern. Now a return to the main trend is likely to happen. This is an attractive risk reward! I'm short in Air France KLM.
Buy DAL here, stop at 54.88...expect a 5 to 1 tradeStock broke to the Upside today out of Market Profile pattern. Delta has also consistently outperformed SPY over the past 50 days.
DAL: Removing earnings risk while keeping upside exposure.This post takes over from the previous one (see below), as we propose to take full profits ahead of earnings publication on July 13.
The logic is to entirely remove any risk related to earnings disappointment, while keeping full upside exposure.
The cost of this strategy will be < 2% (to be put in perspective with the 22.5% we have achieved so far on the long stock position).
BUY DAL 21July17 $56 CALLS at $0.96/Share (indicative, as per last close).
RISK REWARD
If the stock flies, you make money on the call and can optionally convert back into your stock position.
If the stock trades down, your hedging strategy would have worked and you might be able to sell OTM puts to offset the call premium.
The worst-case scenario is if the stock remains flat: You would have lost your position and your premium.
Buying DALDAL has been in a bull trend thanks to its fundamental ( goof finacial stragth, good momentun, and midium risk). I think that DAL will be more bullish due to the forecast of its earnings.
