Delta Air Lines Trading Analysis (11/12/2024)
The trend is up. The stock trades in a range between 365 and 135 ЕМАs. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy at the beginning of the formation of the ascending wave structure, when wave A breaks the sloping channel of the descending truncated structure.
- Stop-loss at 62.15.
- Price targets at 64.10 and 67.30.
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