Do Planes Fly? (DAL)

Telah dikemas kini
Symbol: DAL

Sector: Airlines

Delta airlines is currently testing rock bottom.
Horizontal support at low of 21.26 needs to hold or we could see sell off.
Adding to this position at current price I like.

We are closing with lower highs down over 190%

We have so far attacked support area 4 times almost directly and held.

What we would like to see next is price to hold support and start to curve into the gray triangle as our pennant compresses. Then look for breakout above the black dashed line.

First target 24%
Second target 56%
Third target full recovery 190%

Great opportunity, this is the patterns we want to focus on.
It is ideal to wait for the Crossover and than the breakout for a strong confirmation.

Limit at 21.26 see if we can get filled and set a tight stoploss and play that level closely in case of break down.

I will stay updated on Delta Air Lines on this post below.
Nota
syot kilat drop it some more
Nota
syot kilat this is a very aggressive play, keep in mind that the weekly is strong bearish. Usually we look for a green compression on weekly. But we do have this squeeze set up. So we will be more aggressive
Nota
We are now approaching the support area
Nota
syot kilat 20.50 - 21 I want hit
Nota
syot kilat stacking orders at green levels
Nota
Orders are cleared. I'm going to let It breathe and not be so aggressive. See how these lows want to hold up.
Nota
Good thing I pulled out lol. Trust the weekly
airlinesChart PatternsDALdallongdalshortdeltadeltaairlinesdeltaairlineselldeltaideaTechnical IndicatorsStocksTrend Analysis

Penafian