I've mentioned before on my Monday Market Updates that I have a soft spot for Delta Air Lines. Back in 1991, when I was 18, I worked in a summer camp in upper-state New York. After working there I paid $250 for a 30 day unlimited mileage ticket around CONUS with Delta Air Lines. It was a great way for me to see the country (along with Canada and Mexico).
Anyway, these days I'm more interested in how aviation stocks are doing, and despite all the gloom and doom about the economy, and the world in general, DAL's share price has performed well the last few months.
I'm always interested to see how price responds to previous highs and lows. the last time that #DAL visited the $70 region the price rolled over and collapsed by half (admittedly that was due to the Trump Tariff Tantrum).We've grinded back to that level and last week was DAL's highest weekly close. Can it break resistance at $70? My bullish view would want to see it close and hold about $70 and turn it into support. Can it do that?
Anyway, these days I'm more interested in how aviation stocks are doing, and despite all the gloom and doom about the economy, and the world in general, DAL's share price has performed well the last few months.
I'm always interested to see how price responds to previous highs and lows. the last time that #DAL visited the $70 region the price rolled over and collapsed by half (admittedly that was due to the Trump Tariff Tantrum).We've grinded back to that level and last week was DAL's highest weekly close. Can it break resistance at $70? My bullish view would want to see it close and hold about $70 and turn it into support. Can it do that?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.