Pandemic lockdowns across the country, big miss on earnings, losing $15 million a day.
My guess is that AC drops to test $23 when the current pattern completes.
I'm not confident that $23 support will hold.
The only good thing to say about Air Canada, is that they have government cash pouring in.
The government of Canada might not let AC die, but they've let the...
RSI just reached overbought territory on the weekly.
Some cooldown can be expected, how low can it dip though really?
AC is part of the troubled AirLine sector that recently has shared some decently bullish news, at least AC itself has better financials than some other airlines and is likely one that is going to be around for a long time.
Currently has seen a...
I think Air Canada is going to have a double top and come back down to test the diagonal blue line (upper trend line). From there I think it may drop down to the first support line. RSI is also reaching overbought territory so cool off is coming IMO.
This is not financial advice just my opinion based on how I see the chart.
gonna be a great recovery stock because its and airline and with covid ending travel should go back to normal and the price should rise a lot in the long term.
after finishing its entrancement, the price has exceeded its descending trend, also RSI shows the end of its descending trend .
meanwhile a flag pattern has shaped, and give hope for an ascend to ~36 - 38 CAD$
