It seems history is repeating.
Weekly MACD histogram and daily MACD and histogram crossing negative preceded the crash in May. Daily MACD finding support, followed by the histogram crossing positive marked the start of the rally in August.
The same sequence of events has just completed in the last few days. Time for a bull run?
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...