DAL has confirmed the "SHS" model but the prices are not good enough, so it is recommended to buy investment in June.
Pattern : SHS
Buy : $31 - $32
Target : $40 (+-1)
Stop loss : $27.80
Wish you good deals!
DAL has just dropped 20% in 2016 and is expected to rise as much as 79% in the next year.
It is already going back up. And according to the resistance level drawn, it is very likely to repeat itself as it had in 2015.
Check out the analysts outlook www.marketwatch.com
The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down:
1) Bullish RSI Holding 60 Support
2) Established Uptrend - Long Term
3) Bounce off 150 EMA
4) Long $4.46...
