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Aircanada

Air Canada is set for another volatile weekHello Traders, I am back for another AC technical analysis. Looking at the 4 hour chart, we can see that AC has been in down-trend since June 20th high, as the price has been rejected multiple times at 4-hourly 20MA. However, few bullish signals have emerged: 1) Bullish divergence in price and MACD 2) $15.90 has been tested multiple times and bears are failing to break this support If AC breaks orange trend line with convincing volume, we can expect the price to hit $17.50 in short term. Stop loss: $15.85 Happy trading.
TSX:AC
by x45lu
3
AC.TO for the Long RunI am 21 and besides trading , I have set aside a designated portfolio for long term holdings. Stocks to hold up to 30 years. This is why I believe Air Canada is a suitable stock for any retirement portfolio. 1) Current market price is lower than IPO price from 14 years ago. 2) Given the current market price, there’s a return opportunity of 158% or $30 gain per share assuming the ceiling price is the all time high of $50. 3) Canada has a population of less than 40 million people. Given that’s the second biggest country in the world with one of the highest qualifies of life, one can expect lots of immigration, travel, and tourism growth. All good news for the airline industry. 4) Oil prices have never been lower, and that’s another great news for a company who’s biggest operating expense is fuel. 5) Just like the United States government has bailed out United Airlines, the Canadian Government will do the same thing to save the biggest and most prestigious air line in the country. So even if the company goes bankrupt, government bailout is a reality. Note - I believe the stock price will drop momentarily, and that’s when I’m preparing myself to double my current position.
TSX:ACLong
by normaescobarca
26
WHICH PRICE A NOVICE INVESTOR MUST BUY AIR CANADA-04-17-2020****************************************************************************************************************************************************************************** Decisions to buy, sell, hold or trade in securities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of “Day Trading” involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and the ability to bear financial risks. ************************************************************************************************************************************************************************ WHAT CHART PATTERN AIR CANADA IS PROBABLY BUILDING? The forex rising wedge (also known as the ascending wedge) pattern is a powerful consolidation price pattern formed when the price is bound between two rising trend lines. It is considered a bearish chart formation that can indicate both reversal and continuation patterns – depending on location and trend bias. source:https://www.dailyfx.com/education/technical-analysis-chart-patterns/rising-wedge.html WHEN SHOULD WE TAKE POSITION? WE CAN TAKE POSITION AT ANY TIME IF YOU ARE A GOOD INVESTOR AND YOU CAN ANALYSE QUICKLY WHAT THE MARKET IS GOING, ACCORDING TO THE PREDILECTION WEDGE PATTERN HAS 5 POINTS SO WE CAN TAKE POSITION IN POINT B, C, D, E BUT THE RISK LEVEL IS NOT THE SAME B IS STRONGLY HIGH C IS HIGH D IS MEDIUM E IS LOW THE RECOMMENDATION FOR INVESTORS AND NOVICE PEOPLE WILL BE TO WAIT FOR THE BEST TIME AND THE BEST TIME WITH A LOW RISK IS THE POINT " E BECAUSE THE MARKETS WILL REACH A GOOD SUPPORT LEVEL TO CHANGE BEARISH TREND TO A BULLISH ONE. IN CONCLUSION, THE BEST PRICE IS AROUND $8-$6 .
TSX:ACLong
by Quotendance
2
Air Canada 78.6% Fibonacci TestAir Canada chart for follower, JJ Kim. Price has fallen roughly -75% from the all time high in February as global airline stocks have taken an exceptionally hard hit during the coronavirus pandemic as global air travel has witnessed an extreme drop off as countries across the globe shut borders and restrict travel. Price is currently testing and holding at the 78.6% Fibonacci level of the total range from the 2009 low to the 2020 high. The 78.6% Fib level represents a -78.6% pullback within the total Fib range. As long as price is trading below the 61.8% Fib level the price trend will remain bearish. Best move here is to wait and see if price can regain the 61.8% Fib level before buying, and from there a move back above the 50% fib level is needed in order for price to regain a positive trend. In the immediate short-term, price needs to hold above the 78.6% level to prevent further losses.
TSX:AC
by PrepForProfit
Potential Inflection Point for Air Canada Good morning all, I hope your weekend was spent well and are ready for another trading week. Air Canada is my favourite stock pick of the year, I was long at $21 a couple of months back and I have seen a solid 26% gain. However, I feel as though we are in for a trend reversal. I still like where I own the stock and will be buying on pullbacks. I can see this chart going one or two ways. First, AC will have a pullback towards its 50day moving average and continue its up-trend going forward. The stochastic RSI is showing underbought symbols, however, what puzzles me is the potential convergence/divergence point in the MACD indicator, its been bouncing along giving weak buy signals and that is making me question the strength of this up-trend. I would either hedge Air Canada with a few medium-term put options, enter short, or buy the dip. This one can truly go either way. Stay sharp out there.
TSX:AC
by StuartTabor
3