$DAL
Added 2024-04-08 14:31:21 +0000 UTC$DAL performing well today to start the week and lead up to earnings on Weds.
I like how $DAL has pulled back in 3 waves since hitting the trend line and the 1 Fib at $48 but I am still watching to see if there is a rejection here at the 50 Ma on the 1hr chart or a second rejection at the yellow trend line at the 1 Fib before earnings.
If there is a second rejection, I will likely take some profit before earnings.
I would prefer to see $DAL above the yellow trend line before earnings and flipping this level to support because as long as the price action is below this yellow trend line, it can reject here and continue moving within this yellow wedge.
So I am watching closely today and tomorrow, I will update the group if I do anything.
