Delta Air Lines is near the major resistance level ahead of the earnings release. The release of Q1 is expected today before the market opens. Better than expected results will be the catalyst for a retest of the resistance level. If a breakout occurs the next stop for DAL is the $45 level. Unsatisfying results will trigger new sales and the price will continue its move into the downtrend.
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Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.