The Long Investor

$DAL - RC -

Added 2023-11-21 01:30:23 +0000 UTC

Members will know that I am a big fan of $DAL and we have made a lot of money from $DAL in May and sold at the top at $50 just before earnings and it worked out very well for us, as the price dropped aggressively afterwards.

The price has come right back down to the 0.618 Fib and has found support, it has since bounced too.

My concern with $DAL is the white oval area on the chart, if this current count is Wave 3, then Subwave 1 of Wave 3 has waves that overlap each other....this can not be found in Wave 3....only in Wave 1 and Wave 5....so this is a concern for me....meaning the whole structure since 2020, could be one large ABC count.....this does not mean that $DAL can not go higher from here and quite comfortably go above the blue line again at $63.42, as part of a corrective wave..

But for this reason, I have been reluctant to add $DAL again and much prefer the set up of $ABNB and $PYPL while I wait for $AMZN and $AMD to pull back.