norok

Looking for positive Delta on DAL

Long
NYSE:DAL   Delta Air Lines, Inc.
In my livestream last Friday I talked about how I like the stock Delta DAL . I like the company because any time I fly this company is going to be my choice. It's properly priced for its value compared to other airlines. Granted, there are unique risks that airlines face such as fuel costs and accidents but people will always need to travel from A to B.

I would not enter a trade without a technical setup and risk definition. The level DAL is holding represents both a long term Retracement from the 2020 crash and a short term Retracement from the Q4 2020 bull trend. The short term consolidation creates lows that must hold to remain a valid bullish trade.

I took both shares and options (Feb 2022 48 Calls) to express this trade.

"Be to others the person you needed to meet 10 years ago"

Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: www.youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
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