DALD trade ideas
DELTA AIRLINEHave been looking at airline stocks for a while now;
If we look at the technical analysis, it is reaching a key support level on the 1H timeframe however if we look closer at the 15M timeframe, we should be expecting a retracement back up
If we look at the fundamental analysis, it's ratios are still not as good as its competitors like southwest airline.
Will probably go long for short term gains.
$DAL Delta Airlines Upside Targets
Delta has cleared initial MA resistance and now has some fresh air to move higher. Targets
-$32.00 Fibonacci Golden pocket
-$34.95 Major 0.382 Fib level (favored position for swing traders)so possible reversal.
-$37.00 June highs.
Rally can be short lives so use stops and respect them.
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