Looking for market to continue bullish and hit previous highs. There's a 4H FVG from 1/5/23 that price should respect before continuing higher.
(markups1)
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
good luck
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...
Long Pros
Good Technical:
-50% Fib Pullback
-Bouncing of MA's
-Slight Higher-highs
-Overall impulse is up
-Strong bull dailys
Long Cons:
-COVID government restrictions
-Layoffs news
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.
$AC price failed to find support of the fib line, testing the old resistance.
If support fails, retrace to 20$.
If holds and reversal confirmed, on to 30$.
AUD/CHF has pulled back to ema 89 and has consolidated at this level and produced an rvi bullish cross. we can now look to long the pair and wait for rvi bearish cross or new high or previous high.
