here’s the updated chart (last one) of DAL which hit it’s final target on 3/14 for a 16% gain and quickly bounced all the way back to the first target (T1) former support, now resistance area. DAL has since bounced around range-bound between those target levels and could provide another long-side swing entry if it makes a solid break above the T1 area. best to keep an eye on USO or other oil prices when trading the airline stocks. i’ll update the USO chart in a bit.
note: i will continue to categorize these airline trades as completed, for the recently completed short trades. although they might work out going forward as longs, i think the easy money was already made by reversing off the final targets and as such, i’ll share the ideas for anyone interested but i do not plan to add these officially as trade set-ups or active trades for now.
