Air Canada (AC) said Thursday that it will resume flights and increase service to certain South American destinations as it rebuilds its flight network following the devastating impact of the coronavirus pandemic on global air travel. The airline will resume flights from Montreal to Sao Paulo, Brazil on Dec. 8 and increase flights from Toronto to a daily basis starting Dec. 6. Meanwhile, flights from Montreal to Bogota, Colombia will resume Dec. 2, while service from Toronto will increase to four per week starting Nov. 7. Elsewhere, flights from Toronto to Santiago, Chile will resume in January 2022. Flights to Buenos Aires, Argentina, are still pending government approval, Air Canada said. The Argentine government has announced plans to reopen to international tourists as of Nov. 1.
**Disclaimer - This is not a financial advice, please trade with caution and on your own risk. Do not view this idea as a recommendation for trading or investing. Risk Only What You Can Afford. Always Use a Stop Loss. Past performance is not necessarily a guide to future performance.
You've missed the extremely strong resistance that's been established at $27.00. Backtest prior to covid, you'll notice that this is an important number for this stock. Needs to blast through with volume if long. If low volume, it will break back down to the levels we've been at.