zorro
Long

Canada is on the wing again

TSX:AC   AIR CANADA
69 0 2
Rather interesting situation with Air Canada shares was observed. Following sideways trend intraday, shares went above the old level of 9.24. Air Canada managed to regain after a sharp drop. Spike followed by a pullback is incredible. Reaction can be very strong, and failure swing pattern has already begun to shape. Taking into account the abovementioned, we can expect rapid recovery of the stock to the level of 10.80 – left high on the chart. The sharp increase of volume when passing the level of 9.22 confirms serious intentions of the market. There is an opportunity to raise good money.
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