Air Canada looking for 20% run? Long

AIR CANADATSX

Description

⋅ Jun 1, 2020 11:04 PM

Hello traders,

AC stocks looking bullish mid-short term:
1) Morning star reverse bullish pattern
2) Daily MA50 is starting to curve upwards
3) MACD is gaining bullish momentum

As long as AC closes above $16 next few days, my target will be:
1) $16.80
2) $18.00
3) $19.30
4) $22~$22.2
Stop loss: $15.5

Trade closed: target reached

⋅ Jun 2, 2020 2:59 PM

First target reached!

Trade closed: target reached

⋅ Jun 4, 2020 2:35 AM

Second target reached!!

Just a friendly warning that I entered short from today as US equity is starting to show some weakness. See my SPX thread for more updates.

Comments

MC_Shiro

⋅ Jun 5, 2020 6:32 PM

Do you think after it gets close to $22 that in could crash again?

UnknownUnicorn5579137

⋅ Jun 5, 2020 4:50 AM

It cant go on like this? Crazy! Sooner or later some will want to pull their profits and some will short the stock, Im hoping this will happen tommorow (Friday) and give us a chance to jump back in...

matthewcnorton

⋅ Jun 4, 2020 10:26 PM

You hit another target!! I think you might be a computer! Lol. Nice job on this prediction :)

matthewcnorton

⋅ Jun 3, 2020 5:17 PM

What do you think it will do once it hits the $22-$23 range?

x45lu

⋅ Jun 3, 2020 6:13 PM

@matthewcnorton, not sure about 22 range yet. Closely monitoring US indices for further clarity.

matthewcnorton

⋅ Jun 4, 2020 2:45 AM

I’m thinking resistance and pulling then re-entering at around $17

matthewcnorton

⋅ Jun 4, 2020 2:47 AM

Although, closing over $18 might mean another push

matthewcnorton

⋅ Jun 4, 2020 3:19 PM

I pulled out at $19.74

matthewcnorton

⋅ Jun 3, 2020 5:16 PM

Wow, you really nailed this one early! Well done!!

UnknownUnicorn5579137

⋅ Jun 2, 2020 4:25 AM

I like it, thanks for the breakdown