Delta Air Lines Trading Analysis (01/07/2024)
The trend is upward. The stock trades in the range between 365 and 135 ЕМА. The downward wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold condition.
Trading idea:
- Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.
- Stop-loss at 47.00.
- Price targets at 50.00 and 53.20.
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