BY LICIA LESLIE
September 13, 2023
Hi Shoppers,
Look how Delta Air Lines (Ticker: DAL) has traded to the bottom of my pitchfork:
The question is where does it go from here?
It is quite possible that yesterday’s candle is a teeny tiny inverted hammer signaling a change in this downtrend.
Of course, we need a confirmation this morning to the upside before hopping in any calls.
Speaking of calls:
I like the Sep29 41 calls for under $.80.
Use a close below $40.40 for your stop loss.
Trade Review
Two good ones!
General Motors (Ticker: GM) calls are up around 30% and the stock is still looking higher.
Amazon (Ticker: AMZN) had a great run trading at $143.63 on Monday. I called $143 on the stock and the 139 calls traded over five bucks!
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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