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DigitalData
Apr 15, 2020 2:36 PM

Delta in a Bearish Pennant? Thoughts? Short

Delta Air Lines, Inc.NYSE

Description

However, I am overall bullish on Delta. I actually think this stock may drop even further especially looking back to 2012. Let me know your thoughts. It looks bullish on lower time frames.Untested levels from 2012 remain and it appears to be making a bearish pennant on 2D-Weekly. Let me know why you think this is bullish, because apparently everyone does.

Don't let the drastic price drop make you think we have hit a bottom. We would need a massive bull candle and if you see the higher levels that hasn't happened or any signal of a reversal.
Comments
dsembodo
Just thinking about the same thing, actually across all airline and cruise industries. What do you think of UAL, BA, RCL and CCL?
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