Delta Airlines Inc. (NYSE:DAL) shares were trading lower Monday. Here's a technical analysis of the airline stock.
Delta Airlines Daily Chart Analysis
Bullish traders want to see the stock form higher lows within the pattern and move up to pattern resistance. Bulls would then like to see the stock break above pattern resistance and start moving higher, followed by a period of consolidation.
Bearish traders would like to see the stock fall lower and break below the pattern support. If price falls below pattern support and sees some consolidation, then the stock may see a further push down.
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