DELTA AIR LINES (DAL), HAS BEARISH HEAD & SHOULDER PATTERN!! Short

Delta Air Lines, Inc.NYSE

Description

⋅ Apr 11, 2018 7:36 AM

Would be selling stock and/or doing Bearish Put Credit Spreads, until around $45 area. DAL has earnings report scheduled for 4/12/2018 (FYI).

Daily Bullish and/or Bearish Head & Shoulder patterns are powerful and should be respected. Good luck and Good trading.

Comments

stvkro

⋅ Apr 11, 2018 9:03 PM

One more - here is a chart, I expect to break above 53.15 and head higher.

stvkro

⋅ Apr 11, 2018 9:00 PM

I am not in this Stock but in LUV. I believe this bearish assessment is not correct due to the low unemployment and capacity constraints. Flights are at nearly 100% utilization and with the improved economy, more trips/vacations being taken. Oil costs are short term and I expect fares to increase without an issue.