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DELTA AIR LINES INCDELTA AIR LINES INCDELTA AIR LINES INC

DELTA AIR LINES INC

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DAL trade ideas

DAL - The Airlines Are Not Looking to HotChecking Back in with Delta Airlines. Check out our previous analysis on these as you can see how we've been playing them and get an overall feel of the direction we're going. Our previous posts provide some detail towards our positions. Short and Sweet Fundamentals: 1. Delta just suspended flights to 10 major airports through at least September: Chicago Midway, Oakland International Airport, Hollywood Burbank, Long Beach, T. F. Green International Airport, Westchester County Airport, Stewart International, Akron-Canton, Manchester-Boston Regional Airport and Newport News/Williamsburg International Airport. 2. DAL is trying to cut losses anywhere possible as they're burning through $50-$60 million per day. 3. At current pace, they're scheduled to run out of the Stimulus $ by the end of June. Technical: 1. We have a bearish pennant. There was a clear break and a retest. 2. If you entered the short position on the break where we have the purple circle on the chart, we're looking to play this down to the following targets: Target 1: $17.09 Target 2: $12.67 Target 3: $6.41 I would keep a trailing 4-5% stop loss on this one as we feel price could get volatile. The trailing stop will keep you position going if DAL tanks. Not to leave the bulls hanging out to dry, they would like to see a Double Bottom at $19.00 area and a reversal (unlikely, but anything is possible when the FED is printing). As we've mentioned before, we're personally not long on airlines until we start seeing people fly again. Hit us with a like and a follow for more updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYSE:DALShort
by MannyLo
Why can't I make myself press the sell buttonHey guys, So I still am looking for a long entry in these poor, pitiful, beat down airline stonks. This trend break is looking more bearish than anything though. Maybe we can pump it up past this trend line in the week. Otherwise we might have some more downside in the near future. Warren Buffet called it.. that son of a biscuit. He sold his airline stocks at a loss, but it would have been a much larger loss if he hodl'd. Anyways, Happy trading, - Matt
NYSE:DALShort
by porretta.matt
2
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.
NYSE:DAL
by UnknownUnicorn2319099
11
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.
NYSE:DALShort
by Essendy
9
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.
NYSE:DALLong
by investinfamily
3
#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..
NYSE:DALShort
by OguzhanSengor