Breaking its overall trend resistance since covid last year air nz has been bought out its long positions between 1,30-1,55 zone and is currently entering a bullish channel for 2022.
ITs overall support has now increased and with covid pandemic almost being finished with vacc rates close to 90% we will see the tourisim business looking to get back in 2022,
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.
Looking at the #AirCanada stock there seems to be a couple things at play. #AirCanada is stuck in a downwards channel that has yet to be broken, it has flirted with the .38 fib a couple times but never clearly broke through and stayed above. The first bearish idea came from the idea of a downwards variant of a rectangle or flag/pennant, but looking closer...
Looking at hourly chart for air canada, we are starting to see, multiple bullish divergences, which indicate bullish reversal.
We are starting to see head and shoulders pattern starting to emerge, and bulls need to break 16.15 convincingly for breakout.
In case of bullish breakout, the next target is 16.80.