BY LICIA LESLIE
February 2, 2024
Hi Shoppers,
Delta Airlines (Ticker: DAL) has a very interesting chart.
All three of the major daily moving averages, 21, 50 and 200, are converging at the same price.
Check it out:
It has been consolidating just above this support for six days now.
DAL is ready to bust out to the upside and trade to $42.50.
I like the Feb16 calls:
The 40 calls under $.90 are a good buy.
Trade Review
Kroger Company (Ticker: KR) is still trading in the box range, it hasn’t cleared $47, yet. I am keeping it on my watchlist.
If you haven’t seen it, here is the replay of Mark and me discussing 0DTE options trading.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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