Nov. 14 at 11:41 PM
$DAL Trade Plan:
Market Context: The last close for Delta Air Lines (DAL) is
$58.41, positioned between the recent 60-day high of
$63.91 and low of
$55.03. The ATR of 2.32 indicates moderate volatility, suggesting potential for price movement.
Directional Bias: The RSI at 44.9 indicates that DAL is nearing neutral territory, suggesting potential for upward movement if buying pressure increases. The 30-day MA at
$59.02 is above the current price, indicating resistance, while the 50-day MA at
$58.87 is also above, further confirming the resistance level. With the price near the lower end of the recent range, a bullish bias may develop if it breaks through resistance.
Suggested Entry: Consider entering a long position above
$59.00, confirming a breakout above the 30-day MA.
Stop: Place a stop loss at
$55.00, just below the recent low.
Targets: First target at
$61.00 (near the 60D high) and a second target at
$62.50.
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