DAL trade ideas
Do Planes Fly? (DAL)Symbol: DAL
Sector: Airlines
Delta airlines is currently testing rock bottom.
Horizontal support at low of 21.26 needs to hold or we could see sell off.
Adding to this position at current price I like.
We are closing with lower highs down over 190%
We have so far attacked support area 4 times almost directly and held.
What we would like to see next is price to hold support and start to curve into the gray triangle as our pennant compresses. Then look for breakout above the black dashed line.
First target 24%
Second target 56%
Third target full recovery 190%
Great opportunity, this is the patterns we want to focus on.
It is ideal to wait for the Crossover and than the breakout for a strong confirmation.
Limit at 21.26 see if we can get filled and set a tight stoploss and play that level closely in case of break down.
I will stay updated on Delta Air Lines on this post below.
DAL May 12, 2020 DAL looks very bearish in the next upcoming days/weeks. It should definitely break $20 support group and plummet lower.
Buyers should keep an eye on this one.
DALStill bearish and getting more bearish due partially to the bullishness on my Twitter/Stocktwits timelines. Been adding to June puts ever since the wedge broke down and will double my position if/when $20.50 breaks. The market has given airlines every chance to rally but this chart is STILL bearish no matter how you cut it. Will cut the trade above $24.50.
From an overall trend standpoint, here is what I would need to see to be NOT bearish (not necessarily bullish, but maybe), in order of importance: 1) WEEKLY AND/OR MONTHLY RSI to close above 30; 2) Daily RSI to close above 60; 3) Daily close above 50 sma. Until all 3 of these occur, my personal opinion is that this could see sub $5 prices again.
DAL May 11This is my technical analysis for DAL - very short term ( next 2 days) bullish (Based on hammer and shooting pattern), but then I feel it will drop significantly.
Delta Airlines May 11 2020
$DAL - Waiting for the bounce - I'm slowly adding here, especially after grandpa Warren has already made his move.
66% off the highs.
DELTA AIRLINES WAS PREPARING FOR A BIG SELL IN FRONT OF OUR EYESHi there. As you can see, price was forming a big reversal pattern since 2014. COVID-19 simply accelerated the sharp breakdown, but it was very clear that with or without the COVID-19 the price had to drop very impulsively.
DAL - Near Term BearishBuyers have been picking up shares at this level but are likely getting exhausted as it fails to break resistance and is making lower highs. Buyers will slowly fade out and move to more worthwhile investments after repeated failed breakouts
LONG: DELTA AIRLINES INC. (WEEKLY) - post COVID-19 stabilizationThe aviation and national/international transport industry will see a bounceback after COVID-19.
Delta have a large percentage of B2B services -- therefore their clients will require aviation regardless of personal fear.
Once the virus begins to leave the spotlight high volume business activities will return, stabilizing the share price.
Long term trade -- Optimum target: ~March 2021
DAL *UPDATE*DAL With Warren Buffett selling all airlines shares, the corona virus, etc., Investing in DAL is high risk/reward. Investing in shares is not like buying a lottery ticket. Imagine buying a farm (land). It's what the land produces over the long term that matters. Could it reach $5 or lower. Pros: 1) Low P/E and Forward P/E, Prices/Sales, Price/Free cash flow (FCF) @ 3.66, EPS this year and expected next year, Gross margin...Cons: It's debt (quick and current ratios), technical performance, EPS (Quarter and short-term future), Insider selling.
My Battle Plan: Hold and hedge with put options (3+ months out). Also, depending on developments, Average down.
#DAL ANALYSIS.. Never mind Buffet or anyone else, just look at the monthly chart.. #DAL is above a strong support, if it breaks down, big crash will come.. Just watch carefully.. Beside, as I said before; 'Due to the pandemic disaster we are experiencing, the air transportation industry has been in a very difficult situation.. The cash flows of the airline companies are seriously disrupted and this situation seems to continue for a while, in this context, we can see much lower levels in the stock price..'
Disclaimer: Please do your own due diligence when it comes to trading.. Invest at your own risk..
I wish you all the best..
Buffer wants to sell Airline stocks at a loss??? Buy the DIP!So Warren Buffet recently announced he is selling all of his Airline stocks... The short term move is down very fast followed by sweet sweet recovery and tasty tasty divs... I will be targeting my entries for the fib retrace levels. $14 and $2 I will be buying the low heavy and selling high... 1st rule of trading never sell at a loss... buy the F'ing DIP
BUY ON DELTADelta is at a great spot right now on the 4hr chart with decent volume, but if the volume continues going downhill:
Re-enter Target #1 = $20.00
Re-enter Target #2 = $14.60
If these targets aren't met, we would be looking for delta to enter and reject on my resistance zone at $33.00.
It will drop ONLY if COVID-19 is still going around which causes them to have no customers which means no volume.
Delta Quick BuyDelta is at a great spot right now on the 4 hr chart with decent volume, but if the volume continues to go downhill:
Re-enter Target #1= $20.00
Re-enter Target #2= $14.60
If these targets aren't met, we would be looking for Delta to enter and reject in our resistance zone at $33.00.
It will drop after that ONLY if Corona (COVID-19) is still going around which causes them to have no customers which means no volume.
DAL - 4/30/2020DAL - While 1D ichimoku still shows weakness, the 4H chart shows a little bit brightness ahead. Tenkan sen went cross over Kijun sen that indicates price will move higher. Unusual option activities include May 8 $28 calls, May 15 $26 and $30 calls that support the s/t upside move as well.
DAL *UPDATE* Second Bull Confirmation Coming the 29th? *UPDATE*DAL In-line with projected analysis. Bullish prediction remains unchanged. Patience is key.
