mistrykam

AC finally recovering back to 29

TSX:AC   AIR CANADA
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Drew this chart back in August by copying the pattern it following back in February. Probably be a big sell-off in October.

Manage your risk: Use a stop limit or a protective put.
Your plan still working great! What's your take on this testing 20s next week? It went there end of June. I will be a buyer there at those levels. Also noted the H&S pattern on the 1y daily chart.
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@intel2, I think it will be at 22 by mid-Nov. Slowly grinding lower. Did you make any coin on the MJ stocks? I didn't trade them. I think it's now a classic "buy on rumor, sell on news". Definitely in the sell part.
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@mistrykam this seems to be playing well so far. Great job! Any thoughts where this bloodbath (past couple days) will stop? Thanks.
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@intel2, Thanks! I can see Air Canada heading lower to 24.75. If it breaks lower than 24.75, it could travel all the way back to 22.00. Volume is starting to fall lower, which is a bearish sign.
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intel2 mistrykam
@mistrykam, Awesome. I see what you mean, closing the gap on 08/20 candle.
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@intel2, Which markets do you trade? Canadian only? I can't find too many Canadian stocks to trade.
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intel2 mistrykam
@mistrykam, yep typically Canadian. There is plenty happening in the MJ sector.
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