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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