hi everyone...Air Canada stock is making a ascending triangle on bullish divergence area of Macd and RSI.. this is potential the price can test $22 and above
the price is also have the 50 sma so price most likely will make uptrend channel
Green areas are buying zone
Red areas are selling zone
Remember to buy a little and little more deeper it goes,
and sell a little and a little more it increases.
Please keep calm and patient.
Better little sells and little buys than big emotional pump and dump.
RSI just reached overbought territory on the weekly.
Some cooldown can be expected, how low can it dip though really?
AC is part of the troubled AirLine sector that recently has shared some decently bullish news, at least AC itself has better financials than some other airlines and is likely one that is going to be around for a long time.
Currently has seen a...
A news just comes up saying air Canada has cut 25% capacity and layoff 1700 employees, if you are looking to invest in this stocks i would recommend you guys to a little more until it get down to $18-20.