The Long Investor

$DAL - BUY ZONE ADDED -

Added 2023-03-17 15:22:44 +0000 UTC

I have been doing a lot of work in the background analysing companies to make sure we are ready to benefit from a suppressed market so I am adding buy zones once I am happy I've done a full assessment on a company.

From the last $DAL chart, I spoke about how this company is looking good, really good fundamentals and in a market that is growing now since covid has effectively gone away....a market I am very familiar with too, as I have assessed many airline reports for a third party institution.

So the buy zone is added under the previous low, this is the area where we feel it is most undervalued, that being said, if $DAL can hold the 0.65 Fib where it is pulling back now, which is exactly at the wedge support too, a convenient confluence, this is also a good area to start a position. Both are good options, obviously we would like it in the buy zone but even now, fundamentally it is very strong.

Fundamentals added***

Really good place to familiarise yourself with the fundamentals is on Finviz.com and search $DAL

Positive P's across the board, good projections and good margins, below important averages and good ROI, ROE and ROA, debt is the concern but most airlines came out of covid with this debt, Delta is in a great position to capitalise after the worst of Covid is behind us.