Contextual immersion trading strategy idea.
Delta Air Lines attempted to reverse the trend yesterday. The attempt was failed.
Today stock opened lower than yesterday's close price and continue falling.
Despite oil prices falling, the general condition for this stock is shortable due to COVID-19 panic.
Profit from lower oil prices is not enough to cover losses...
With this last downleg, we have hit the 0.5 fibonaci level, in one break out. and it its not over.
If this is the beginning of a longer term downtrend, after we break support, the next support seems to be around 10/7/5 dollars, where I think volitle accumulation will happen, before consolidating around 10$ and moving again.
Look for one or two weak impulses to...
DAL has only hit 30 RSI 4x in its history. We are at 2011 levels in the RSI on the monthly. Good buy at these RSI levels but unsure about Price support.
Still a sellers market!!! // Going against the grain!
Bullish Pressure for correction at the 3rd touch of the Flag Pattern on 4 HR
Bullish Flag Pattern Formed with Hammer at the 45.00 Area on the 1 HR
BUY DAL OPTION
Price target $54 Price target 2 57.68
Warren Buffett famously advises investors to "be fearful when others are greedy, and be greedy when others are fearful." The billionaire investor's Berkshire Hathaway conglomerate showcased that approach last week: It boosted its stake in Delta Air Lines during the massive market selloff fueled by coronavirus...
Once the Oracle has announced he has been buying, a recovery is expected, but could be short lived as the Coronavirus effect on airlines might not be fully taken into account.
Upside targets $51.50 & $55
Travel restrictions are going to kill airlines imo, should be pretty straight forward support failing here. Why $DAL? Had bad exp with them, looks like management is leaving as well.
Recalled back to LAX after leaving for China. Dumped fuel on a playground effecting kids and teachers. Other schools also supposedly hit but nobody effected at those locations. Reports are it smells like jet fuel around the playground and there's vid of a plane dumping fuel nearby.
One of the flight stats sites is how I found it's a Boeing 777 based on the flight...
Between November 2012 and May 2014 Delta Airlines had a colossal run that took it from $9 to a staggering $42 dollars in a little bit under a 2-year period. Ever since, $Delta has continued to perform positively; well within the confines of a new channel that feels a lot like an extended ascending triangle maturing into its upcoming apex. This channel can be...
