Delta Air Lines Trading Analysis (05/07/2024)
The trend is up. 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 an oversold condition. The downward inner truncated wave structure has finished.
Trading idea:
- Buy at the breach of 47.46.
- Stop-loss at 46.50.
- Price targets at 49.24 and 53.20.
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