prashant22867
Long

Igniting green bar in Air Canada

TSX:AC   AIR CANADA
Moving up to the upper channel

Comments

Hi are you maintaining your analysis? at the moment, the stock seems going to a downtrend instead to an uptrend...
Reply
prashant22867 aarriagada4264
@aarriagada4264, Given this is on a daily chart - Yes. Reason - As the stock didn't break the previous pivot low from 14th July. Its definitely not doing what i would like it to do but the only thing we can control is our risk - reward management. Holing on to 1:2 risk reward ratio.
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aarriagada4264 prashant22867
@prashant22867, yes you're right; $16 has been a very strong support. We will see this friday 31, after Q2 ER, whether $16 will be broken or not. I think, and I hope, than $16 is the floor; if it is able to finish the day more than $16, then the stock should go up, since Q2 would be the worst quarter. What do you think?
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tn5000 aarriagada4264
@aarriagada4264, So it's now 15 ish how far will it go ? 13? or 12?
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@tn5000, No clue. Only trading BUY side and there may not be a good buy set up for next many days.
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Do u think it will bounce before earning ?
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@tn5000, yes hope so. Still in trade with 15.5 as SL
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Hi Parshant, great analysis, can we discuss this in a bit more detail? I would like to understand this, please. Explain the basis of your projections? I am in Canada and would like to talk to you if this is convenient. I am totally new in trading, need some help. I have both US and Canada numbers and my email is sabic99@yahoo.ca THANKS
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prashant22867 techserve2020
@techserve2020, sure. Will drop you a note
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