Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo worldwide. Today a trader bought over 2,000 5.9.2014 37 Calls for $.74. This gives the buyer of the Calls, the right but not obligation to buy 200,000 shares of stock at $37 between now and next week and they paid a Cash Outlay of $150,000. With recent sell-offs in UAL and AAL,...
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo worldwide. Its route network comprises various gateway airports in Amsterdam, Atlanta, Cincinnati, Detroit, Memphis. Yesterday we saw a trader bought 9,156 DAL June 34 Calls for $1.26, so I knew it was the time to get LONG DAL. Today when Delta rallied more than a $1.20, the...
Delta Air Lines has already finished its wave 3 after minor-ABCDE expanded correction
of wave 3-sub-4.
Then it looks like already starting wave 4 correction down (Fib. 38.2% usually) into
23.91 area.
Its Final upward wave 5 will reach at 42.52=23.91 + (wave 3 ) x Fib. 61.8%
Therefore short term view is SHORT, and a long-term view is still LONG.
Nikita FX (...
Delta - DAL has been whipping the short sellers handily for the past couple of years. Each time the chart sets up a top formation where the price rolls over and triggers technical sell signals, the stock takes off and wipes out the short sellers.
This pattern has gone on a long time now and the chart has a new sell signal setting up which needs DAL to stay under...
A few weeks ago I made a stupid mistake by buying Delta right at the top. After examening my mistake I realised that Delta should be bought on corrections, as it always retraces to previous resistance levels. When close to support (ex resistance), and close to the EMA wave, I watched for patterns that signal the correction is over. As labeled on the chart, there...
Notes on chart, but here is how I would play it. As long as the 13 day EMA is under the 25 I would remain bearish. If the 13 goes under the 50 which hasn't happened for a long time I would be even more bearish. Remember that the overall trend has been up since December 2012 so don't get faked out. The safest play would be a long play and wait for the 13 day to...
