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Air Canada - Take Profit Zone?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 nice upswing in price with tremendous growth in volume. Different support levels indicated for possible re-entries. Could see $36+ later this year, time to set up!
TSX:AC
by thiluxan_s
1
CHR Mid-Term & Long-Term SetupEasy sell signal at top of the channel. Now looking for re-entry positions. Possible re-entry levels: $3.06-$3.20 (Dotted Line inside channel) - Not only is there so much price action here it also lines up with the 50MA. Could be a great bounce target. $2.55-$2.75 (Bottom of Channel) - This is key support of the channel and would probably have a lower chance of occuring but in my opinion is a grea long-term hold. If we give up this key support level then we could see much lower prices depending on the overall market conditions.
TSX:CHR
by thiluxan_s
3