DAL
Hey, everybody.
Been watching the DELTA AIR LINES INC for a long time.
I thought I'd write about it today.
Like the whole airline industry, this company has fallen heavily during the crisis and lost almost 60% of its average cost, but that's not what I'm talking about now.
Between March 19 and 26, the paper tried to buy back its fall, but it was not allowed to do so.
On 03.04 the level of 21.75 was formed, confirmed by false breakouts and touches.
22.04 - level retest. They could not take it from the first time.
24.04 - close retest.
A pressure is forming.
Leaving it on the short list.
I'll enter the short when the level breaks down at 21.75, GT and LT matches.
Trade active:
The idea is remaining. Yesterday there was no enter point, but today there is likely to be a breakout.