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

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Singapore Airlines (SIA): 4 April 2020, Saturday, 11.00am Singapore Time

Singapore Airlines (SIA):

4 April 2020, Saturday, 11.00am Singapore Time
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of Singapore Airlines, the top 3 airlines in the world.
It gives a possible glimpse to the plight of all airlines in this world. When the strongest in the world are in bad state, the weak ones would be worse. For Singapore Airlines' stock price action, the red zone at around $5.75 is where smarter monies would be very ready and eager to get out, sell or take shorts. It is an immensely high pressure selling zone. This zone had been tested repeatedly and has been proven successful. This means that the peak of escape wave can now be confirmed and the projection for next immediate target can now be confirmed. The next immediate target for Singapore Airlines would be $4.36. The bear flag is looking ready to execute the next slam dunk now.

Highly Bearish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence.