MATRIX Penny Stocks

[livermore4ever]

DAL – Technical Analysis

Hello !

DAL has performed a nice move last week, breaking up the short term resistance, generating an interesting volume, and triggering some buying signals from momentum indicators (and Parabolic SAR).

Although, the main target of this rebound should be the 5.45 level, because that’s where the Mid-term descending resistance is right now.
The 4.53 level should also be watched as resistance level, responsible for Thursday negative reaction.

Take a look at my Technical Chart of DAL here:
http://globalspeculators.com/trading_futures/index.php?topic=50.0

I’m looking forward to see what will happen this week… because there’s a lot of potential on the air… and an upside breakout like this one with strong volume, sometimes is the beginning of a new trend… That would only happen, with DAL above 5.45…

Best regards,

Jesse Livermore
http://globalspeculators.com