The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down:
1) Bullish RSI Holding 60 Support
2) Established Uptrend - Long Term
3) Bounce off 150 EMA
4) Long $4.46...
50 ma IS WAY ABOVE 200 ma AND PRICE HAS STALLED AT 200 ma LEAVING ME TO BELIEVE THAT THIS MOVE IS A POP-DOWN TO BE FOLLOWED BY A RETRACEMENT BACK UP. RSI IS SHOWING WAY OVERSOLD. FOR THIS ONE RISK REWARD LOOKS GOOD TO ME. I WILL PLACE A BUY STOP JUST ABOVE FRIDAY'S HIGH.