Trading news

Delta Air Lines – new highs ahead?

Weekly chart:

The big picture is in a young uptrend, with the last high at $ 52.41. The last correction zone is not far away and runs between $ 52 and $ 46.37. Even though the weak start to the year was able to push the price downwards, the uptrend will remain intact until the last point three is broken at $ 46.37.

Chart1

Daily chart:

In this trend size, similarly, we can also see a still-young uptrend, whose correction zone runs from $ 51.82 to $ 48.76. As long as this zone is upheld, the trend can still continue to progress upwards.

Chart2

Hourly chart:

In the hourly chart we see the same trend as in the daily chart. As long as the green correction zone lasts here, too, a long trade can be risked with the appropriate reversal signals. The stop should then be located beneath the green correction zone. The first target could be placed at approx. $ 53.

Chart3

I hope you will remain favorably disposed towards me and always remember: the journey is the reward!

All the best

Markus Gabel

Head of Sales/Trading

AgenaTrader/TradeEscort

AgenaTrader Trading Software

IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Monday, 04 Jan, 2016 / 4:01

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