Delta Air Lines Upgraded to a ‘Buy’ Rating by StockNews
Someone commented that the 2 airlines are overbought (based on RSI) and 12 days winning streak ended. He even reported a 'big fall' and 'RSI proven'. Based on the 2 articles, analysts said Delta Airlines upgrade to buy and could deliver 'strong performance' in coming weeks. Yesterday SIA shares rebounced and Delta Air Line share price remained high. Hence RSI forecast of overbought is not conclusive. Study has shown that stock may remain overbought for long time in trending market.
Quote:
On June 21, 2023, the aviation industry witnessed a significant event as Delta Air Lines was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors.
Citi analysts opened a 30-day Positive Catalyst Watch on Delta Air Lines as they believe the Buy-rated stock could deliver a “strong performance” in the coming weeks.
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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bullrider_21 : You are a Tesla and SIA bull. I can see you love Tesla and SIA very much. You know how I feel about people loving their stocks. Read my article below:
How to avoid emotional investing?
https://www.moomoo.com/community/feed/109421204013062?data_ticket=8d79554dc8b17a0ea10adf128b61190d&futusource=nnq_personal_host
You feel this need to defend your beloved stocks when somebody posts something negative about them. You have this need to attack their rivals by posting negative comments. There are 2 sides to every coin. I'm just posting views opposite to the bulls which they don't like to hear. Does the price keep rising like a bull thinks? Or up and down in reality?
Since I commented that the 2 airlines are very overbought based on RSI, their winning streaks all ended. SIA fell 8.7% from its peak of 8.05. I didn't say 10-20%. Don't put words into my mouth. It has fallen for 5 days out of 6. And it may continue to fall further. You have not proven that the very overbought level of RSI has not caused SIA to fall. RSI is a technical indicator, not dependent on intrinsic value or macroeconomic factors.
ZnWC OP bullrider_21 : 1. I'm not any bull and you're not any bear. I don't have any beloved stock so don't put words in my mouth.
2. I only want to give people a balanced view. I give positive and negative views based on facts and with data. My posts are always linked to a source.
3. I'm referring to anyone who always post negative bias info. I don't remember referring anyone as rival. In fact, I frequently give 'likes' to other comments.
4. Everyone has the right to post their opinion so you need not be upset about what I'm writing. I didn't mention any names or criticise you as a person.
5. About the 10-20% comment, I'm not referring to you so don't have to be sensitive.
ZnWC OP : My posts usually refer to the article not to the person. I've to rebut your inaccurate views because you commented on my article here. If I want to refer to your postings, will leave a comment as reply.