AC LONG - No monthly bounce or even weekly bounce since the highs, 36% drop, daily RIS oversold to historical lows, very good risk reward entry here at 17 area.16.00 16.50 massive support. Entry: 16.50-17.00
Exit: 20-22 into Q2
Risk: 16
10 year AVG Forward PE = 7.34 , would put AC at 20.80 for 2.8 earnings 2025
Oil trending down to 60
CXY Canada dollar monthly bounce underway
Entered 17 break, expect retest back to 21 area, drop with zero bounces..
Q2 tends to be best quarter for airlines.
Suggest holding Long for 2-3 Months. Thank me later
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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.