Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo worldwide. Its route network comprises various gateway airports in Amsterdam, Atlanta, Cincinnati, Detroit, Memphis. Yesterday we saw a trader bought 9,156 DAL June 34 Calls for $1.26, so I knew it was the time to get LONG DAL. Today when Delta rallied more than a $1.20, the...
Delta Air Lines has already finished its wave 3 after minor-ABCDE expanded correction
of wave 3-sub-4.
Then it looks like already starting wave 4 correction down (Fib. 38.2% usually) into
23.91 area.
Its Final upward wave 5 will reach at 42.52=23.91 + (wave 3 ) x Fib. 61.8%
Therefore short term view is SHORT, and a long-term view is still LONG.
Nikita FX (...
Delta - DAL has been whipping the short sellers handily for the past couple of years. Each time the chart sets up a top formation where the price rolls over and triggers technical sell signals, the stock takes off and wipes out the short sellers.
This pattern has gone on a long time now and the chart has a new sell signal setting up which needs DAL to stay under...
A few weeks ago I made a stupid mistake by buying Delta right at the top. After examening my mistake I realised that Delta should be bought on corrections, as it always retraces to previous resistance levels. When close to support (ex resistance), and close to the EMA wave, I watched for patterns that signal the correction is over. As labeled on the chart, there...
Notes on chart, but here is how I would play it. As long as the 13 day EMA is under the 25 I would remain bearish. If the 13 goes under the 50 which hasn't happened for a long time I would be even more bearish. Remember that the overall trend has been up since December 2012 so don't get faked out. The safest play would be a long play and wait for the 13 day to...
