DAL has good chances to fly to new ATH, only to collapse after.

This is my favorite airline stock: with the current P/E of 58 it is a ridiculously overpriced asset, but if the market is still willing to buy it, so be it. Taking a look at Elliott impulse subdivisions - the main wave 4 is done or half-done, and wave 5 is still ahead. So we are not yet done with growth although the fundamentals suggest it's time to stop. I don't see any other wave subdivisions to complete except the main wave 5. It's hard to identify the price target for the last movement, but I do believe we can beat or match the previous high.
Suggestions for entry/exit: long/neutral until 50, then look for all subwaves of wave 5 to complete in order to go short. The stock is flying very high, there will be plenty of pips to go down. I estimate the reversal to happen end May - early June, aligned with of S&P.