SamSuka
The Long Investor
The Long Investor

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$DAL

I have started a position in $DAL now.

Reasons:

-It has formed an ascending triangle = bullish formation

- Pull back held the 0.618 Fib and the smaller pull back held a higher low at the 0.5 Fib

- It is moving in an impulse wave.

- Price is using the 50 Day MA for support 

- Price above the 50 and 200 Day MA

- Undervalued with strong fundamentals

I will add to my position breaking above $40.95

$DAL

Comments

These explanations of the thought process are super helpful, thank you.

Trevor Sweetnam

Gar what is your exit level mid 50’s ?

WiktorW

We seem to follow each other a lot with our purchases

Brian

I’m in since yesterday just under 40

WiktorW

Thank you for the alert.

Brian


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