Hi there. As you can see, price was forming a big reversal pattern since 2014. COVID-19 simply accelerated the sharp breakdown, but it was very clear that with or without the COVID-19 the price had to drop very impulsively.
Buyers have been picking up shares at this level but are likely getting exhausted as it fails to break resistance and is making lower highs. Buyers will slowly fade out and move to more worthwhile investments after repeated failed breakouts
The aviation and national/international transport industry will see a bounceback after COVID-19.
Delta have a large percentage of B2B services -- therefore their clients will require aviation regardless of personal fear.
Once the virus begins to leave the spotlight high volume business activities will return, stabilizing the share price.
Long term trade --...
DAL With Warren Buffett selling all airlines shares, the corona virus, etc., Investing in DAL is high risk/reward. Investing in shares is not like buying a lottery ticket. Imagine buying a farm (land). It's what the land produces over the long term that matters. Could it reach $5 or lower. Pros: 1) Low P/E and Forward P/E, Prices/Sales, Price/Free cash flow (FCF)...
Never mind Buffet or anyone else, just look at the monthly chart.. #DAL is above a strong support, if it breaks down, big crash will come.. Just watch carefully.. Beside, as I said before; 'Due to the pandemic disaster we are experiencing, the air transportation industry has been in a very difficult situation.. The cash flows of the airline companies are...
So Warren Buffet recently announced he is selling all of his Airline stocks... The short term move is down very fast followed by sweet sweet recovery and tasty tasty divs... I will be targeting my entries for the fib retrace levels. $14 and $2 I will be buying the low heavy and selling high... 1st rule of trading never sell at a loss... buy the F'ing DIP
Delta is at a great spot right now on the 4hr chart with decent volume, but if the volume continues going downhill:
Re-enter Target #1 = $20.00
Re-enter Target #2 = $14.60
If these targets aren't met, we would be looking for delta to enter and reject on my resistance zone at $33.00.
It will drop ONLY if COVID-19 is still going around which causes them to have...
Delta is at a great spot right now on the 4 hr chart with decent volume, but if the volume continues to go downhill:
Re-enter Target #1= $20.00
Re-enter Target #2= $14.60
If these targets aren't met, we would be looking for Delta to enter and reject in our resistance zone at $33.00.
It will drop after that ONLY if Corona (COVID-19) is still going around which...
DAL - While 1D ichimoku still shows weakness, the 4H chart shows a little bit brightness ahead. Tenkan sen went cross over Kijun sen that indicates price will move higher. Unusual option activities include May 8 $28 calls, May 15 $26 and $30 calls that support the s/t upside move as well.
