Looking for up trend to get in play. based on the Dib Wave theory we do expect there is opportunity for the long term investor to get involved!
The Airlines basket: includes Companies as follow:
Delta Air Lines Inc, DAL 20%
American Airlines Group Inc AAL 20%
United Airlines Holding Inc. UAL 20%
Southwest Airlines Co. LUV...
Breaking its overall trend resistance since covid last year air nz has been bought out its long positions between 1,30-1,55 zone and is currently entering a bullish channel for 2022.
ITs overall support has now increased and with covid pandemic almost being finished with vacc rates close to 90% we will see the tourisim business looking to get back in 2022,
***Based on analysts offering 12 month price targets for DAL in the last 3 months.
The average price target is $48.77 with a high estimate of $58 and a low estimate of $40
Analyst Firms Making Recommendations
B OF A GLBL RES
COWEN & COMPANY
DEUTSCHE BK SEC
JEFFERIES & CO.
JP MORGAN SECUR
Delta has been hovering above its range for over a month now and I am looking for take into earnings. Assuming the breakout/trend to the upside will continue, I am hoping earnings will provide a catalyst for the stock to head toward 45. I don't think the numbers themselves will be good but I am hoping the have positive guidance about people traveling post the vaccine.