AIR CANADAShort
AC.TO short
I believe shorting AC to be a play on many macro ideas.
Overall the market looks to be heading lower bringing everything down.
AC just had a crashed plane in eastern Canada which is being investigated.
Oil may be bottomed may be not but if it does go up that will have a negative effect on AC.
There is a cutting of excess spending in Canada from a personal to corporate level, which includes travel.
Currently it is trading near the top of it's range ready for a correction.
Overall the market looks to be heading lower bringing everything down.
AC just had a crashed plane in eastern Canada which is being investigated.
Oil may be bottomed may be not but if it does go up that will have a negative effect on AC.
There is a cutting of excess spending in Canada from a personal to corporate level, which includes travel.
Currently it is trading near the top of it's range ready for a correction.
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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.