Ticker: $DAL Daily Chart
- $DAL not looking too hot here... we have been forming a symmetrical wedge since back in February, ultimately breaking it to he downside
- Should we take out the swing low of 28, watch for 24. If not we will retest the wedge breakout level
We are getting strong support at 31.6 - 32 level which could result in atleast 50% retracement to the last move downward . Lower pink horizontal line is of 50% retracement level amd upper is for 63% retracement level according to gann's retracement rule
Potential Long entry on the back of earnings tomorrow if
commentary is any way encouraging.
Major resistance sits at $34.67-
-Fibonacci .382 level
-200 Moving Average
Alert set for $35.00 .
This could be a massive week for the airlines and BA
Recovery will be turbulent as Trump batted down the stimulus. Hurricane Delta is also coming in from the coast. Delta planes cannot fly in Delta Hurricane especially when Trump snipped the wings. Planes will be grounded until late November indefinitely. Apologies for the delay.
Today, we have a short setup to share. Here we will give you a full explanation of what we expect
a) First we want to see the Weekly chart: We can see a major resistance level
b) Working from that level, we can go to the 1H chart. Here we can see a range with an inner zone ( Minor support zone / the expected target...
CCL (28/88/25.9%) and DAL (18/77/22.1%)* announce earnings on Thursday.
The DAL November 20th 21 delta, 2 x expected move 26/41 short strangle is paying 2.41 or 7.6% as a function of stock price (1.20 at 50% max; 3.8% as a function of stock price). I've pictured a short put here as the simplest play to get in on a sector that has been hammered by the...