$DAL
Added 2024-04-02 17:21:36 +0000 UTC$DAL did hit resistance at the yellow trend line and the 1 Fib at $48 that we spoke about but there is no breakout down of the structure and there has been a test of support on the 50 MA on 1hr chart.
We use the 50 and 200 MA on the 1hr and Daily chart as they consistently show us where support and resistance lines are and have been proven to be reliable.
So as long as $DAL holds this support, it can test the $48 level again before earnings on the 10th.
A second rejection at this level and I will certainly be taking profit before earnings.
Comments
Does today count as a second rejection?
Brian
2024-04-04 19:43:35 +0000 UTCPlease let us know when/if you take those profits As well as how much of your overall $DAL position you sell
Damien O'Sullivan
2024-04-02 19:10:42 +0000 UTC
