Overall setup is positive for Delta Corp

Mitesh Thacker, www.miteshthacker.com (Technical Check)

What is the call on Delta Corp?


If you just look at the intraday price movement of Delta Corp, you will see that on an intraday basis the price of the stock has been around the 110.5-111 mark, but the overall setup is positive. I would probably wait for a breakout above 111, then the stock might enjoy some good run up momentum and then I would buy it with a stop at about 107 and price targets of 122.