Airlines landing once again?!Pandemic + jet fuel prices + selling pressure will take a toll on the airlines!
In these weekly charts, it is clear that major airlines already are in a Downward channel, and they will retest their previous supports which could be another 10-15% correction in the coming weeks!
You can see the most important support(green line) and resistance (red line) levels.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Trade ideas
Delta Wave 3 of final wave 5?I thought share my thoughts on the airline industry. I'll just share my thoughts on Delta Airlines. As many of you may know the sentiment for airline stocks are very bearish due to the pandemic. I believe Delta is about to surprise many. I may be wrong but my analysis of this stock is very bullish. I outline a potential wave 3 move of a much larger wave 5. If you look at what happened in march of 2020 with all the uncertainty surrounding the pandemic, Delta completed wave 4 of 5. Delta is currently in a bullish channel (green line channel) and I believe it just completed an ABC correction of wave 1 of the much larger wave 5. We are currently on the verge of starting wave 3 of the much larger wave 5. I will be adding to longs if price breaks up above the downward channel (red line channel). This is not financial advice, I'm only sharing what I'm doing. Good luck everyone.
Delta Air Lines earnings are tomorrow at 7:25amDelta Air Lines (DAL) Q4 December 2021 earnings are tomorrow 1/13 at 7:25am. Delta Air Lines (DAL) reported Q3 September 2021 earnings of $0.30 per share on revenue of $9.2 billion. Q3 marked an important milestone in airline recovery, with DAL first quarterly profit since the start of the pandemic. The company said it expects Q4 revenue of approximately $8.29 billion. Tomorrow's guidance will be important as far as fuel prices & Omicron impact. Here's levels on the 1-day chart:
Q4 December 2021 Consensus:
EPS = $0.14
Revenue = $9.14B
52 week high = $52.28
52 week low = $33.40
SMA200 = $42.40
SMA150 = $40.92
SMA100 = $40.35
SMA50 = $39.45
breakout = $46.19
R3 = $44.77
R2 = $43.35
R1 = $41.93
pivot = $40.51
S1 = $39.10
S2 = $37.68
S3 = $36.26
breakdown = $34.84
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
What will next airline earnings reveal?For the many who have bought up airline stocks, it might be time to take profits, or at least have stop losses in place.
I see two signs that Delta's stock will move lower post-earnings
1) At the start of Oct. and Nov. price went over the resistance line and prompted weeks of selling. These were bull traps.
2) On the daily chart, RSI dipped below 33.33 and then reversed under 66.66. This should lead to RSI below 50 and lower prices.
$DAL 16% Profit for 16 days? Not bad. #nakedput #daytradingDealta Airlines correction, playing out with naked put option.
Reasons:
- high reward for next monthly expiry (mangeable with rolling) -> collecting credit
- breakeven point is far
- RSI is oversold.
Max profit: $92
Probability of 50%Profit: 78%
Profit Target relative to my Buying Power: 16%
Req. Buy Power: $558 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 96 (very high)
Expiry: 16 days
SETUP: NAKED PUT for $DAL, because IVR is high, for 0.92cr
* Sell 1 DAL DEC17'32 PUT
Management : ROLLING if daily candle is closing below of BE.
Take profit strategy: 50% of max.profit in this case with auto buy order at 0.46db
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW , and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview !
Low risk entry!Entry: 39.70
Stop loss: 38.88
Reward/Risk: 6.95
Target range: 45.40
Time Frame: 4wks
Possible gain: 14.36%
Possible loss: 2.07%
Position size: 5% of trading capital
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Longterm outlook green for Delta Air. DALA canary in the coalmine of the COviD-19 mania going away soon? We do not know. All we are concerned with is mass psychology, because that is the true drive behind any market action. Not the whims of a politician, not the machinations of the beam counters or the outright fakes by marketing. In analyzing markets, the old adage of "Perception is reality" begins to ring true. And because mass psychology is separate to individual's psychology, it repeats itself again and again in patterns that have been well documented. This means that we at Rykin Capital can and will continue generating profits.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Airlines have just find their supports!Most airlines' stocks reacted to their support level and some of them have just broken above the downward trend line..!
It seems Delta and United could perform better than others if there is a relief rally..!
A relief rally is a respite from a broader market sell-off that results in temporarily higher securities prices. Relief rallies often occur when anticipated negative news winds up being positive or less severe than expected. (Investopedia)
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
DAL - Delta AirLinesNYSE:DAL
Idea is simple:
Long position when triggered $39.5 (trend changing extremum). You might also wait for closing 4h higher than $39.5 but that stock tends to fly XD
Stop - $38.8 (-1.8% risk)
Profit - first take $41.8 (5.9% upside) - 50% of the position close
second take $44 (11.2% upside) - 50% of the position close
Profit/Risk - 5.9/1,8 = 3.3 for 1st take and 11.2/1.8 = 6.2 for 2nd take
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