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mnovo
Aug 9, 2023 5:13 PM

AC Short

AIR CANADATSX

Description

AC heading out to taxi for next flight. Divergence on 1hr MACD. Lower lows in price divergence with higher lows on MACD. sold a bit early at $25. $21 likely the target. Strategy would be dollar cost averaging on way down with 1% positions and then more aggressive when MACD bounces off the zero line. Target 29.50

Watch the zero line on MACD being crossed on 1hr, 4hr, and daily for entries.

Trade safe~ :)
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