$DAL is one of the first companies to report in this earnings season and it will be released on Thursday before the market opens.
Good start to the week and up nearly +2% today.
The 0.38 Fib however has not been converted back to support just yet
That being said, the set up is there for a bounce if the report is flawless, positive beating and a good guidance, Wave 4 would effectively be complete and we would be into Wave 5 next.
$DAL is the market leader, their fundamentals are strong across all metrics....if $DAL doesn't perform well in their earnings, then it is unlikely the other carriers will.
Shaleen Deep
2024-07-08 15:05:28 +0000 UTC