Air CanadaAir Canada Air Canada is Canada's largest airline and the largest provider of scheduled passenger services in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada. Air Canada together with its Air Canada Express regional partners carries more than 45 million passengers, offering direct passenger service to more than 200 destinations on six continents. Air Canada is a founding member of Star Alliance™, providing the world's most comprehensive air transportation network. Air Canada is among the 20 largest airlines in the world and employs 30,000 people. Its corporate headquarters are located in Montreal. Air Canada is the only international network carrier in North America to receive a Four-Star ranking according to independent U.K. research firm Skytrax. For more information, please visit: www.aircanada.com, follow @AirCanada on Twitter, and join Air Canada on Facebook. aircanada.mediaroom.com Best regards, RyodaBrainless "Live to Ride and Ride to Live"Longby RyodaBrainless1
Is Air Canada ready for lift off?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 #AirCanada may have printed a bull flag and it has just broken up. My only issue is the possibility of a bearish divergence on the hourly and there is not much room to grow on the stochastic or RSI but other than that #AirCanada break's though our .38 or #AirCanada shoot's back down to the bottom of the rectangle. Until #AirCanada makes a clear break up or down my prediction is this stock will be stuck in its channel until further news of pandemic lift or revenue increase. GLby CryptoTheory0
AC (Short position for the interim only) AC had an unbelievable run on the 9th. Although, that run was consistent with the entire stock market, mostly the result of Biden winning the election and other news. Although, there was no material change for the company or the stock. This means that AC went up significantly for events and reasons which are not related to AC itself; as such, I expect a short term correction. I am in a short options position, very small one. Put option Expires 27th, November with a strike price of 18.50. purchased at .50 with a last price of .92! Shortby tsx_traderUpdated 11112
Now everyone can TravelAir Canada has several breakouts and Piercing Line candlestick formation, looking good for a beginning of Bullish trendLongby ellynacciUpdated 5
reached resis - has the potential to go downreached resis - has the potential to go downShortby danzb20200
AC ShortShorting 200 CFDs, @ 16.57, Add at $15 /w 200 more Add 12.80 /w 200 more, perfect short. Stop at 17.50 Air Canada doesn't make money, its being held up by scaffolding from the government of Canada. It's probably gonna hit around $5 over the course of 6 months to a year. Then flip and go long for 3-4 years. Multiple false breakouts. Perfect indicator that its trending downward. It's a giant bear flag on the weekly. Shortby Synaptic724Updated 0
Catch the rounded bottom?AC has been floating the 15s range for a couple of days after the gap down and sell-off. Looks like it is forming a rounded bottom before the leg back up to MBB daily around the high 16s area. Looks like a low-risk trade. The risk to reward is 1:3. The trend is not in favour but if we consolidated here and the move back up to daily MBB could happen fast!Longby thelion010
Air Canada: Head and Shoulders Attemp!Hello traders, 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. Happy trading! by x45lu111
Air Canada End of OctoberAir Canada will hit the $14 mark mid to end of October possibly due to travel restrictions. Then will most likely reach the $20 mark after New Years.Shortby gchebli11
Beginning of the recovery Broke through (and remained on top of) major MA. This could be the beginning of the recovery Longby JimJJUpdated 115
AC long rotationAs AC was trading in triangle formation you see a nice pull back day on the 27th August, then a nice 'spring day' on the 28th. Both days have consistent volume as well. Futures are up and things are looking good for this week. I expect a continued rotation for AC and CHR on the TSX. At least for now. The COVID cases in the states are coming more under control as the days go by. Next resistance in the 18.50 area. If it breaks through, all bets are off, it already reached about 23 in June. Trade at your own risk!Longby tsx_trader0
AC| Bullish ?Can Air Canada get momentum and start climbing? Could go to $30 with a nice rip !Longby Ortier113
AC Long Options tradeHey folks I purchased 5 AC Calls Expiring in January of 2021 at a strike price of $20. I am bullish on AC for that time period. The share price had already reached $20 in June! its not unspeakable that it can reach $20 again or even hover well above it prior to January 2021. In terms of technical, AC has constantly bounced back to the upside when it reached the high $15 mark. It recently in the last 2 weeks bounced of the 15.60 and 15.99 marks. This is giving me confidence that there is good support. If it falls below the support level, I will re-consider my trade. Otherwise, I have confidence in it. All that needs to happen between now and January is one or a few good things in short order, the share price can soar. I am betting that between now and January, the CDN and US gov will allow travel between those two conuntrys. Once that happens, there will be left off. I dont see Canada keeping the border closed that far out. The COVID cases in the US is declining and this is true here in Canada as well. Some other good news such as re-opening, more travel abroad, etc will get lift off. Also, anytime now, if there is a bubble in the tech or gold stocks (when people get sober), money will turn into other areas of the economy which includes airlines and aerospace. Buying the Call options at such time that the share price is declining towords its support gives you a better bargain on the call options. You need to have patience for this trade. Good luck folks! Longby tsx_trader1
Air Canada lift off?Air Canada is one of the more undervalued stock right now, due to its uncertainty. Currently facing multiple MAs as resistance, but has bounced from the lower wedge support. Price has made higher lows bouncing from the monthly support as outlined in red box. Upside is to the upper boundary, to around $22.5 If travel restrictions loosens, and or COVID-19 vaccine is confirmed. If COVID-19 is extinguished and traveller confidence goes back up, Air Canada can easily lift off to its 40-50$ range. AC recently announced a relaunch of its Aeroplan rewards program, which provides more value to the company and to customers - which resulted in the stock price gaining some momentum. It is set to start Nov 8th, 2020. It has a lot of capital to burn through and can weather the fight relatively easier than it had to in the past. Personally entered around $15.5, looking to re-evaluate position if price revisits it. Longby avedj94Updated 6