Delta has been undervalued since they haven't been able to perform as per usual. It may be a while before they continue business as usual. They will be able to bounce back as one of the Domestic Airlines. I am more interested in Domestic since other countries may want to keep a hold on the spread of the Virus by preventing international flights.
Overall this is the BOTTOM considering they have been cutting flights by 95% this is literally their minimum capacity. There is only up from here. Not only that but a familiar pattern has risen to rear its head. Wyckoff method. If it is the Wyckoff method it will test that first line again by the end of next week.
Even if it doesn't I still think this is a good buy signal. Delta is in a great position to grow from here so long as there isn't a second wave of breakouts with the virus.
Overall this is the BOTTOM considering they have been cutting flights by 95% this is literally their minimum capacity. There is only up from here. Not only that but a familiar pattern has risen to rear its head. Wyckoff method. If it is the Wyckoff method it will test that first line again by the end of next week.
Even if it doesn't I still think this is a good buy signal. Delta is in a great position to grow from here so long as there isn't a second wave of breakouts with the virus.
Ghi chú
Looks like its reached the next level in the trend. It should break this level and retest. Who has bought into Delta yet?
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.