To The Moon

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Hi everyone! Today I’ll be covering an American airline: Delta Air Lines, Inc. (NYSE: DAL) DAL has been forming a series of higher lows and higher highs. However, recently, it has been basing in a consolidation pattern that has seen lower highs (bounded by the red resistance trendline) and higher lows (bounded by the green support trendline). More recently, the stock has broken out of consolidation: The “breakout and backtest” pattern was observed, with a smaller symmetrical triangle consolidation pattern playing out with lower highs and higher lows. RSI has been following as well with lower highs and higher lows. A thrust above the consolidation pattern will see the gaps at 40.76-41.48 and 46.79-47.33 filled, before eventually pushing towards the 51.82 high. Given that we’re entering a we