Delta - DAL has been whipping the short sellers handily for the past couple of years. Each time the chart sets up a top formation where the price rolls over and triggers technical sell signals, the stock takes off and wipes out the short sellers.
This pattern has gone on a long time now and the chart has a new sell signal setting up which needs DAL to stay under $34.3 on Monday for it to trigger.
Stay tuned. The trendline looks so ripe to be broken with a decent decline in the shares of DAL.
Target 30-28, Risk 34.8, Last 33.53
Tim Sun, March 30, 2014 11:11PM EST
This pattern has gone on a long time now and the chart has a new sell signal setting up which needs DAL to stay under $34.3 on Monday for it to trigger.
Stay tuned. The trendline looks so ripe to be broken with a decent decline in the shares of DAL.
Target 30-28, Risk 34.8, Last 33.53
Tim Sun, March 30, 2014 11:11PM EST
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