DAL trade ideas
DELTA AIRLINEHave been looking at airline stocks for a while now;
If we look at the technical analysis, it is reaching a key support level on the 1H timeframe however if we look closer at the 15M timeframe, we should be expecting a retracement back up
If we look at the fundamental analysis, it's ratios are still not as good as its competitors like southwest airline.
Will probably go long for short term gains.
$DAL Delta Airlines Upside Targets
Delta has cleared initial MA resistance and now has some fresh air to move higher. Targets
-$32.00 Fibonacci Golden pocket
-$34.95 Major 0.382 Fib level (favored position for swing traders)so possible reversal.
-$37.00 June highs.
Rally can be short lives so use stops and respect them.
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
$DAL Delta Airlines Bullish Targets
Delta is regarded as one of the strongest airlines most likely
to survive the pandemic.
The possibility of further government aid only adds to that view.
The stock has managed to reclaim the 100ma as support.
Volume is increasing
RSI has crossed the midpoint & attempting to make a higher high.
First Fibonacci target is $29.27 which is a common swing level.
The Fibonacci Golden pocket at $32.30 would be a short term
win for the Bulls.
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.