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Saturday, 4 April 2020

Delta Air Lines (NYSE: DAL): 4 April 2020, Saturday, 11.35am Singapore Time

Delta Air Lines (NYSE: DAL):
4 April 2020, Saturday, 11.35am Singapore Time
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of Delta Air Lines that is listed in the US Market of NYSE.
The uptrend of Delta Air Lines in yellow has ended. The rooting Long Term Classical Line has been broken down as well. Rooting lines must never be broken down, and in this case here, the root has been taken out. This would yield a long term downtrend with big room down for Delta Air Lines.
First target price: half price of $24 region (trend determinant line) yielding a 1st TP of $12.00.
Second target price if $12.00 psychological support cannot hold:
long term support of $3.12 as 2nd TP.

Highly Bearish


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