Delta Air Lines (DAL) - Breakout Play with Strong Volume Confirm
Key Observations:
Breakout Zone:
DAL has broken above a significant resistance level at $67.87, with a strong bullish candle and a 9% gain in one day.
Volume Spike:
A substantial volume increase indicates strong buying interest and institutional participation.
Risk/Reward Setup:
Entry Price: $67.87 (breakout level)
Target Price: $95.07 (potential upside of ~39.6%).
Stop Loss: $55.45 (below support zone).
Risk/Reward Ratio: 2.14
Moving Averages Support:
The stock is trading above key moving averages, showing a positive trend shift.
Trade Plan:
Bullish Case:
If the stock sustains above the breakout level, the next target zone lies near $95, aligning with historical resistance levels.
Bearish Case:
If the breakout fails and the price falls below $61.54, it may retest lower support at $55.45.
Disclaimer:
This idea is for educational purposes only. Please conduct your own research before making any investment decisions.
Breakout Zone:
DAL has broken above a significant resistance level at $67.87, with a strong bullish candle and a 9% gain in one day.
Volume Spike:
A substantial volume increase indicates strong buying interest and institutional participation.
Risk/Reward Setup:
Entry Price: $67.87 (breakout level)
Target Price: $95.07 (potential upside of ~39.6%).
Stop Loss: $55.45 (below support zone).
Risk/Reward Ratio: 2.14
Moving Averages Support:
The stock is trading above key moving averages, showing a positive trend shift.
Trade Plan:
Bullish Case:
If the stock sustains above the breakout level, the next target zone lies near $95, aligning with historical resistance levels.
Bearish Case:
If the breakout fails and the price falls below $61.54, it may retest lower support at $55.45.
Disclaimer:
This idea is for educational purposes only. Please conduct your own research before making any investment decisions.
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