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 share price drop below a dollar in the past.
Feels like a good time to be short.
Disclaimer: I am an ape with a crayon.
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 share price drop below a dollar in the past.
Feels like a good time to be short.
Disclaimer: I am an ape with a crayon.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.