DAL Trade on Jul 11, 2019 09:32 from Cklamb: Tradervue User Stock Trades.

DAL
Intraday Fundamentals
Crushed earnings and raised guidance .25c
“July 11, 2019 07:29 AM ET (BZ Newswire) -- Earnings
Delta Air Lines, Inc. (NYSE:DAL) shares trading higher following better-than-expected second-quarter results.
The company reported second-quarter earnings of $2.35 per share, which beat the analyst consensus estimate of $2.25. This is a 32.77% increase over earnings of $1.77 per share from the same period last year.
Delta Air Lines reported quarterly sales of $12.536 billion, which beat the analyst consensus estimate of $12.48 billion. This is a 6.46% increase over sales of $11.775 billion the same period last year.
Earlier this month, the airliner reported operating performance for June. Delta carried 18.9 million customers across its global network, an all-time monthly record.
Delta Air Lines shares traded higher by 2.24% at $60.80 in Thursday’s pre-market session. The stock has a 52-week high of $61.32 and a 52-week low of $45.08. “
Technicals
Weekly is range bound and nearing the top end fo that range around 61 with the all time at 61.32

Daily has been in an uptrend since early this year after a sell off in late in2018 after it hit its all time high.

Five minute chart has been mostly flat. It has been trading in range that matches most daily support and resistance level of 58.25 and 60.25 (57.85 and 60 are the extremes)
Trading Strategy
If 60.70 holds in the opening 15 use it as a stop point and look for a long at 60.80 to 61 if the tape looks like it strong enough above these levels
Breakout long possible at 61.30 stop at 61.08
Pull backs to 60.20, 60 and 59.80 are possible on profit taking long if it bases or spike to these levels .21c stops
Reading the Tape
I was aware of what seem like a quick momentum change after the wick to the LoD and then the second quick test the rejected just above 59.45. I did not see anything definitive other than color and volume
The second trade here the tape was just strong when it broke .23 and stayed strong.
Trade Management

Notes:
• I could have traded around a core all day here, not my current strategy and a little advanced for me yet
• BE is currently cost plus .08$ If I don’t use that as BE this trade runs longer(is that managing the P&L and not the trade, 8cents????)
• Protecting a scalp, I needed to move the stop higher when 60 looked like it would reject
• The break below 60 was not expected( missed a level??) so, this hampered my conviction on how strong this would be today
Trade 2 notes
• This is the edge that you are trying to build
• I did have some Pre-market action that gave me some concerns about .40 set stop there as it broke above—that protects the scalp