Looks like a slow-moving stock. Probably will reject at resistance at $37-$38 and move back into the low 30s. If a breakout occurs, $45 is the next area of resistance
Delta predicted that third-quarter revenue will be 1% to 5% higher than in the same quarter of 2019, even though it expects passenger-carrying capacity to be no more than 85% of 2019 levels — a sign that Delta expects higher fares to remain in place.
Delta Air Lines Price Target Is Above 50 per share.
Delta Airlines Inc is still in a downtrend that started more than two years ago.
The breakout of the support level was not successful, and the price is now heading to the resistance level, giving us a good buy opportunity into the price channel, with a good risk-reward ratio.
The next target is located at $ 40 which is located at the 0.5 Fibo crossed with the...
If you haven`t bought the previews bull run:
then ahead of earnings I would buy the following Delta Air Lines, Inc. (DAL) calls:
2022-7-15 expiration date
$29.44 entry price approximatively
$31.5 strike price
$0.37 premium/share
Looking forward to read your opinion about it.
NYSE:DAL
Testing Twitter integration. Looking for feedback on the symmetrical wedge pattern similar to the historical example. If the pattern repeats, it appears to be a reduction of volatility until some time near the funnel when a breakout may occur with significant velocity. The direction in the past was positive, but I suspect this version may have a...
DAL is trying to form a strong uptrend with these double bottoms, once this one develops the trendline will also become more apparent
This is the Weekly chart
Fundamental Analysis
With Airlines getting business back up and running in a slow fashion, the Airline industry as a whole has to return back to profitability. However it looks like investor confidence is still not bullish, and DAL isn't an exception to this case. For the short-run, there is still a bearish outlook for the industry considering the consistent...
The PEAD projected a Bearish outlook for $DAL after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
Delta Air Lines, Inc., typically referred to as Delta, is one of the major airlines of the United States and a legacy carrier. One of the world's oldest airlines in operation, Delta is headquartered in Atlanta, Georgia.
Big Picture
Price action has been climbing off the lower low of March 7th; currently in sideways consolidation with a series of large bullish engulfing candles.
Price action has run into our 42.71 resistance area. Price needs to break above the Feb 14th high to make a higher high.
As we breakdown the price action layers we see that the price ran into our supply...
