After successfully closing the gap b/w $4.70 and $5.50, Transat broke reclining resistance line and started to fly higher. First target is $11 after a successful break of which, $16 will come into view. Enjoy your flight! P.S. As always please do your own due diligence and market research. Happy trading!
Details are on the chart..
After Air Canada's rejection of the takeover offer at $5 per share, Air Transat experienced slight turbulence and cratered around 20% this morning. Is that a buying opportunity?
At it's lows where it has bounced before many many times... long term investment here there is even RSI divergence from where there was the last major dump
Air Transat current situation, short flip. Put in your stop loss if support breaks thank you