$DAL
Added 2024-09-09 16:45:54 +0000 UTCSecond test of the 200 Day MA now over the last 3 day sessions
Impressive bounce today but the elephant in the room is that is there is an impeding downturn in the economy, the concern is that cyclical stocks are likely going to take a hit, so let's be fully convinced here before entering, so I would like to see the 200 Day MA flipped to support first before reentering.
I have added the green fib levels to show where support can come if the 200 Day MA continues to act as a resistance level
$V is performing very well too, so this may be an inclination that the market is not overly concerned with a recession prospect right now, at least in the short term.
Comments
$56 hit. I wonder where this goes?
David Martin
2024-10-16 18:12:01 +0000 UTC
