Bearish Divergence

Delta’s (DAL) the largest cap in the airline sector.

For the past three weeks, it’s attempted to break out above prior long-term highs.

That breakout so far, appears to be failing (not advice, not a recommendation).

Delta Airlines DAL, Weekly

Yesterday, DAL posted a new weekly low. Today, has been a test of that break (so far).

On the chart, we have an MACD bearish divergence.

Stay Tuned

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