Looks like a bottom has been found and a new move is coming soon to a local maximum on Wed. June 9th
We discuss price levels to look for to confirm the movement up to price targets.
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 $23 support will hold. The only good thing to say about Air Canada, is that they have government cash pouring in. The government of Canada might not let AC die, but they've let the...
Just an idea for a potential downside scenario for Air Canada Stock.
I think if this is not going to break the support line in next week it will probably go up for, what you guys think comment your opinions.
RSI just reached overbought territory on the weekly. Some cooldown can be expected, how low can it dip though really? AC is part of the troubled AirLine sector that recently has shared some decently bullish news, at least AC itself has better financials than some other airlines and is likely one that is going to be around for a long time. Currently has seen a...
Looking to enter around here if it holds. Long term i believe it will be over 50$. Trying to move a bit out of tech and i like this stock right now.
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.