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Dalanalysis

$DAL leading the airline industry along with $BA$DAL seems like its up for a good start on 2023. airline industry is booming after covid restriction is easing, china opening up, and the southwest disaster. DAL is leading the way with their new upgrade of free Wifi on their in-flight offerings starting on February. this news might help DAL to boost their marketing strategy to lure other loyal customer from other airlines. but in my opinion, this free wifi upgrade will be very challenging to provide in the sky, with over 150+ people using it in the same time. the CEO didn't say specific details about how fast the wifi is, is there a time limit, and vulnerability of potential hacking. but regardless of these possible complication that might occur. the free wifi is still a good news for its customer. the southwest disaster boost other airlines with their loyal customer scrambles to re-book their flight to get their destination. DAL typical price move is $1.00 to $1.40 Below is my price level entry and exit for intraday trading or scalp play. ============================================================ For calls; buy above $36.35 and sell at 37.05 or above For puts, buy below $35.57 and sell at $35.11 or below ============================================================ Bot generated technical analysis: Last price: 36.02 1st resistance level: 36.35 2nd resistance level: 36.69 1st support level: 35.39 2nd support level: 34.77 Honorable mentions: $BA technicals looks strong with travel industry starts to boom so as BOEING ========================================================= Hi and welcome to this free technical analysis . ( mostly momentum play ) I am going to POST where i look for possibly entry and exit for intraday or scalp for trading. I will try my best to make the idea short and simple as possible. If you have any questions or suggestions on which stocks I should analyze, please leave a comment below. If you enjoyed this analysis, I would appreciate it if you smashed that LIKE or BOOST button and maybe consider following my page. thank you.
NYSE:DALLong
by CHRIS_B58
DAL: Potential Short Term Bullish Reversal 1M, 1D (Jun. 01)X Force Global Analysis: In this analysis, we take a purely technical approach to Delta Airlines (DAL), exploring signs of the stock being oversold, as well as potentially bullish reversal signals demonstrated on the monthly and daily charts. Monthly Chart - On the monthly chart, we have counted clear Elliott Waves - Since 2015, Delta Airlines has been forming a bearish rising wedge pattern - Moreover, we could spot an extended bearish divergence, with prices forming higher highs, while the indicators formed lower highs - The Relative Strength Index (RSI) formed lower highs, as well as the Moving Averages in the Moving Average Convergence Divergence (MACD) - Within the bearish ascending wedge, we could count Elliott Triangle Waves (ABCDE), leading to a breakdown triggered by the Corona Virus (Covid-19) - Currently, technicals demonstrate that the stock is oversold, and under extended. - The RSI demonstrates that DAL is at oversold regions - The MACD shows historical bearish histograms - However, despite the huge bearish pressure, we can also see signs of a short term potential reversal through candlestick patterns - The current candle is forming a dragonfly doji candle, in which we see a long lower tail, and a small upper tail, with the candle close close to the open value - Combining this with Elliott Waves, it could be said that we are in a downtrend counting Elliott Impulse waves (12345) - This dragonfly doji candle could be the start of a short term trend reversal for wave 4 - While we have failed to break and close above the 0.618 Fibonacci retracement support, it's important to note that we have secured a historical support at $22.45 Daily Chart - When we zoom into the daily chart, we see clearer signs of a short term bullish reversal - We have been consolidating within a bullish descending wedge pattern after a severe drop - Prices have broken out of the falling wedge, as we are seeing a small pullback - We can also spot a clear bullish divergence, with lower lows on the price, and higher lows on the indicators - The RSI demonstrates great strength, trading at neutral levels - The MACD also shows that the trend is backed by momentum, as it creates a steady uptrend without any death crosses - We can spot a lot of gaps ranging from $20 up to $56 - Despite the high trading volume, the current range starting from the drop was extremely choppy What We Believe Combining the evidence suggested in the daily chart with the analysis of the monthly chart, a probable case would be a further rally up filling the upper gaps at $30 ranges, completing wave 4 on the monthly. From that point, we could see further correction, filling the gaps located below the current price, before we see a mid-term trend reversal leading to a bullish rally to fill the gaps above. While it's important to also take into consideration the fact that Delta Airline's fundamentals have also been heavily affected by Covid-19, technical demonstrate a high probability for a short term bullish trend reversal. Trade Safe.
NYSE:DALLong
by XForceGlobal
1
#DAL ANALYSIS.. 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 seriously disrupted and this situation seems to continue for a while, in this context, we can see much lower levels in the stock price..' Disclaimer: Please do your own due diligence when it comes to trading.. Invest at your own risk.. I wish you all the best..
NYSE:DALShort
by OguzhanSengor