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Delta Airlines (DAL) Swing Trade Level Coming Up

Shares of Delta Airlines (DAL) are falling 16% today as the market continues to worry about COVID-19 and the implications for the airline industry. Last week, Delta Airlines traded as high as $36.00 and now hovers at $24.00. Its pandemic low was two weeks ago at $19.00. This tells us that a pivot low is still in place and swing traders can look to nibble at the RIGHT technical level. Per the stock chart, there is an epic gap fill approaching at $22.25. This technical support is worth a quick swing trade, considering if it hits in the next few days, Delta will have dropped from $36.00 to $22.00 with no major bounces. Is it possible Delta can hit $19.00? Yes, of course, anything is possible in this market environment but the odds do favor a 10-15% bounce off the gap fill at $22.25.

I will be looking to take this trade if it tags in the next day or two. Beyond that, the time factor for technical trading would be out of alignment and I would avoid it. Once traders and investors understand the importance of time when investing/trading, it changes the game. A level that was good a day ago may not be good today. Keep that in mind and learn, learn, learn!

A net gain of 662% in 2020 through March is a reality for members of Verified Investing Alerts. For investors who are sick of losing money as the markets collapse due to the COVID-19, this is the key. Swing trading off technical levels allows smart investors to jump in at key levels and out for 10%+ gains in days. Master Trader Gareth Soloway has guided his members, actively swing trading stocks using key technical levels to multiple profits of 10% almost every day. With the action these days, members get multiple trades a day. See the VERIFIED track record HERE (scroll down on the page). Members get exact entry prices, stops, targets and daily videos that analyze the market, stock and current positions. The second Master Trader Gareth Soloway buys/sells a stock, members get a text/email alert to get them in/out of the trade in seconds. Join today and profit for life!