In going thru the active trades today, I just noticed that I never made any stop suggestions on DAL. Here’s an updated 60 minute chart which shows a new support level which has formed since the original post on Jan 29th. We can also see that DAL, although having moved about 5.6% above the entry price (13.72 at the open on Jan 30th), the negative divergences on the MACD & RSI continue to build.
I am personally short this one and my plan is to set a stop on any move above today’s high (14.73) with a current preferred swing target of at least T2 (which is the current final target although I may likely extend the final target to the 12.30 area, hence the somewhat liberal stop relative to T2). DAL would also offer a very objective new short entry here using the same stop criteria, even if only targeting the first profit target at 12.92.