$DAL
Added 2024-11-01 18:59:11 +0000 UTC$DAL is as bullish as $UAL right now and also still in its Wave 3.
The ABC pull back in August came down to the 0.78 Fib and reacted very strongly on this support level.....we made the decision to buy $AMZN, $BABA, $HIMS, $BIDU, $GOOG and $AMD.....also $NKE and $PFE.....I did not add $DAL but this has jumped incredibly well since then.
The market is saying that a Trump win is likely going to reduce the price of oil and since airlines biggest cost is fuel (up to 50% in some airlines).....a lower oil price will directly benefit airlines bottom line and that's why I believe they are running.
Wave 3 has not changed here and it is still at the 1.618 Fib at $80
But the blue line at $63 could offer resistance, the bulls need to flip this first.
