DAL to 25.57
1. DAL closed as a doji candlestick right off support on the symmetrical triangle (purple line) and as well as off a horizontal support line ($22.19).
2. While we see a horizontal support line @ 22.19, the RSI is showing an up trending support line starting from 4/06... bullish divergence!
3. Zooming into the 3H chart, we see a bullish piercing candlestick following by a doji closing above previous candlestick close -- ultimately forming a bullish harm cross (last two candlesticks).
4. MACD crossed on the 1H chart, while 8MA is currently below the 21MA
Ultimately, I believe it can reach $29-30, and eventually $37 in the coming weeks with news (reopening the economy) being a huge catalyst of course.
**Looking to start a nice small long position on DAL**
2. While we see a horizontal support line @ 22.19, the RSI is showing an up trending support line starting from 4/06... bullish divergence!
3. Zooming into the 3H chart, we see a bullish piercing candlestick following by a doji closing above previous candlestick close -- ultimately forming a bullish harm cross (last two candlesticks).
4. MACD crossed on the 1H chart, while 8MA is currently below the 21MA
Ultimately, I believe it can reach $29-30, and eventually $37 in the coming weeks with news (reopening the economy) being a huge catalyst of course.
**Looking to start a nice small long position on DAL**
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.