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Delta Airlines Stock Buy Price: Technical Level

Shares of Delta Airlines (DAL) continue to plummet with the rest of the airline sector after Warren Buffet dumped all his airline shares. It is expected to be close to a year at minimum before the airlines are able to get back to full business. This means there are billions in losses that will continue quarter over quarter. As a swing trader and 20+ year trading veteran, the technical chart is where I find my buy levels. Delta Airlines stock buy price is at $15.00. The current price is just  below the $22.00 level. This means that there is 32% downside on Delta Airlines before the technical chart signals strong buy.

The Delta Airlines stock buy price is found by looking at the monthly chart and going all the way back to 2010. There are two pivot highs during that year that align with $15.00 and give the epic support trigger. This buy level may actually be a long-term buy. Meaning we could see it as a decade or longer low pivot in the stock. Keep in mind, these airlines will likely need more help from the government and they will likely have to issue more debt/shares. This will contribute to the decline in the coming months that will get this airline to the Delta Airlines stock buy price.

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