Dec. 6 at 1:46 AM
Actionable Trade Alert for
$DAL:
Market Context: Delta Air Lines (
$DAL) is currently trading at
$67.24, showing strong momentum with an RSI of 69.51, indicating it is nearing overbought territory. The stock is above both the 30-day MA of
$59.84 and the 50-day MA of
$59.38, suggesting bullish sentiment.
Directional Bias: The price is close to the 60-day high of
$68.06, which may act as a resistance level. However, the overall trend appears bullish given the strong support from the moving averages.
Trade Plan:
- Suggested Entry:
$67.50 (slightly above the last close)
- Stop Loss:
$65.00 (to limit downside risk)
- Take Profit Targets:
1.
$70.00 (4% gain)
2.
$72.00 (6.5% gain)
3.
$78.50 (16.7% gain)
Target 3 provides a potential ROI of over 17%, making this a compelling trade. Monitor the RSI for signs of reversal as you approach targets.
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