Great earnings report from $DAL and beat earnings by 24% and even made a higher high in the PM above $49.....the PM is still green, up 2% but CPI coming in Hot is likely to upset the party.
We want to see a hold above the yellow trend line and the 1 Fib at $48.70....this may be a big ask today considering the sea of red we are seeing across the market.
A firm rejection trying to get above $48.70 and I will take profits, between 20-40% of my position.
$DAL has shown from its earnings that it is the market leader and I will re-enter again at a later stage.
Damien O'Sullivan
2024-04-10 13:26:37 +0000 UTC