Thanks for viewing and sorry all those Aviation types who are hurting.
Just a short one,
Demand is deeply impacted, and there are yet to be any signs of a pick-up as yet.
Stocks don't often lose 69% in 60 days and then just turn around and head for new all-time highs. Especially, when two studies came out last week showing how the virus - that shall not be named - can easily spread on-board aircraft.
After a solid rejection at the 200EMA I am watching the $17.55 level as support, but I don't expect it to hold. After that, ~$14 at the 1.618 extension on what I believe may be the start of wave 5 down..
This is based 99% on TA and 1% the general environment presently. I don't want it to happen, that is just where I see the price going. I am not short Delta, but I also won't be a buyer at lower prices.
Just a short one,
Demand is deeply impacted, and there are yet to be any signs of a pick-up as yet.
Stocks don't often lose 69% in 60 days and then just turn around and head for new all-time highs. Especially, when two studies came out last week showing how the virus - that shall not be named - can easily spread on-board aircraft.
After a solid rejection at the 200EMA I am watching the $17.55 level as support, but I don't expect it to hold. After that, ~$14 at the 1.618 extension on what I believe may be the start of wave 5 down..
This is based 99% on TA and 1% the general environment presently. I don't want it to happen, that is just where I see the price going. I am not short Delta, but I also won't be a buyer at lower prices.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.