A clean Double Bottom often precedes a big move. Validate your entry.
Reversal pattern after a downtrend.
Traders are watching Delta Air Lines (DAL) as price action tightens. Price has moved to $85.06 (3.77%) amidst recent volatility. The primary technical feature is a Double Bottom formation. Volume is average (0.75x avg) with moderate trend strength (32.4). A potential breakout level is identified at $95.44, targeting $114.68 with support near $85.83 (R:R 2.0).
What is your outlook on DAL?