Delta Air Lines Inc

DAL has decisively broken below a key horizontal support within a broader distribution phase, triggering a bearish medium-term bias despite a longer-term uptrend. Short-term price extension below declining EMAs and lack of a relief bounce support immediate sell-side participation. Engage on the downside now, targeting rallies into the broken support zone near the mid-80s.

• ↑Q2 revenue hit $17.7B, up 14% YoY
• ↑Operating margin reached 9%, exceeding guidance
• ↓Q2 fuel expense surged to $4.4B, heightening cost risk