The top execs of Delta Air Lines ( DAL) are smiling after the release of their latest quarterly numbers to investors. The airline beat on the top and bottom lines and spoke optimistically about the future.
Let's check the condition of the charts and indicators.
In this daily bar chart of DAL, below, I can see that prices have been flying higher since May. DAL is in a strong uptrend with only minor sideways corrections along the way. Prices trade above the rising 50-day moving average line and above the positively sloped 200-day moving average line. Trading volume has been stronger since March and tells me of increased investor interest.
The On-Balance-Volume (OBV) line has been strong and means that buyers of DAL have been more aggressive than sellers. The trend-following Moving Average Convergence Divergence (MACD) oscillator is bullish but has narrowed recently. 
In this weekly Japanese candlestick chart of DAL, below, I can see a mixed picture. Prices corrected lower in 2021 and 2022 but have been strong this year. DAL trades above the rising 40-week moving average line.
The OBV line has been strong since last June. The MACD oscillator turned bullish in January.
The two most recent candle patterns show us upper shadows above $48 indicating that traders were rejecting the highs. A strong (white candle) candle this week would refresh the uptrend but this is not Friday's close yet. Stay tuned.
In this daily Point and Figure chart of DAL, below, I can see a potential upside price target in the $81 area.
In this weekly Point and Figure chart of DAL, below, I can see the same price target of $81.
Bottom line strategy: In my June 26 review of DAL, I recommended that traders take profits. Obviously I left money on the table. Would I rebuy shares of DAL now? No. With those two upper shadows on the candlestick chart (noted above) I am inclined to wait a bit to see how things develop. Stay tuned.
