For the many who have bought up airline stocks, it might be time to take profits, or at least have stop losses in place.
I see two signs that Delta's stock will move lower post-earnings
1) At the start of Oct. and Nov. price went over the resistance line and prompted weeks of selling. These were bull traps.
2) On the daily chart, RSI dipped below 33.33 and then reversed under 66.66. This should lead to RSI below 50 and lower prices.
I see two signs that Delta's stock will move lower post-earnings
1) At the start of Oct. and Nov. price went over the resistance line and prompted weeks of selling. These were bull traps.
2) On the daily chart, RSI dipped below 33.33 and then reversed under 66.66. This should lead to RSI below 50 and lower prices.
*** 11 Jan update: there is a 30m stochastic bear warning and I see 200ma as resistance on 5m chart. I bought puts as price came up to 41.