$DAL
Added 2023-05-20 11:30:41 +0000 UTCI know a few people were doubting $DAL, as airline stocks sometimes do not fill people with a lot of confidence but we can not ignore a great set up and excellent fundamentals. We always look for the two of these to collide together and right now they are. We got the break out from the bull flag that we were waiting for, it tested the previous high and is now coming back to test the top of the bull flag again....we are looking for this to hold as support next. If this can hold, we are in a strong position for this to go higher.
Comments
DAL might see pressure down side since oil started going up, but this will be only next few weeks. After that, it will be inverse of where oil price will be going. Second, consumers are spending currently on travel, but this will be early Summer saga, Later fall, we should see consumers holding back even Travel spending. That is reason we are not seeing Airlines stocks are not moving up. However, airlines will have great earnings since oil prices are done so far in qtr, where airlines will show more gains in earnings! ABNB told us that their revenues/earnings will be less for this qtr!
Shailesh Patel
2023-05-20 15:04:22 +0000 UTC
