Air Canada (Ac) will go up or not I think if this is not going to break the support line in next week it will probably go up for, what you guys think comment your opinions.
0SE9 trade ideas
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 $36+ later this year, time to set up!
Air Canada EntryLooking to enter around here if it holds.
Long term i believe it will be over 50$.
Trying to move a bit out of tech and i like this stock right now.
Air Canada - Double TopI think Air Canada is going to have a double top and come back down to test the diagonal blue line (upper trend line). From there I think it may drop down to the first support line. RSI is also reaching overbought territory so cool off is coming IMO.
This is not financial advice just my opinion based on how I see the chart.
Air Canada Recovery Long chartgonna be a great recovery stock because its and airline and with covid ending travel should go back to normal and the price should rise a lot in the long term.
AC Flag patternafter finishing its entrancement, the price has exceeded its descending trend, also RSI shows the end of its descending trend .
meanwhile a flag pattern has shaped, and give hope for an ascend to ~36 - 38 CAD$
TREND ANALYSIS FOR AIR CANADA!!! *GOOD ENTRY POINT*simple trend lines indicating a bullish day for air canada tomorrowww!!!!!!!!
AC (Request + just looking)I have gotten a bit tired of AC because it goes for long periods of time not moving, then suddenly does $12 in a month lol
It IS a good LONG term hold. AC is attractive at any price if your target is 1-3 year hold.
If I were to buy into AC
I would accumulate Call options that expire a year out (which means I will be in the red but I would cost avg over 3-4 times) and then benefit from a move like the one it did in December. That would be my strategy.
Otherwise, Buy the shares and just hold, again waiting for a move.
There is a gap fill which may be met. But it is sitting on a lot of support. Could go either way. I would not buy it into a swing trade, you would have to be willing to be very patient and cost avg. or accumulate.
AC LongLong Pros
Good Technical:
-50% Fib Pullback
-Bouncing of MA's
-Slight Higher-highs
-Overall impulse is up
-Strong bull dailys
Long Cons:
-COVID government restrictions
-Layoffs news
AC LONGDon't know much about the news and it seems to me that the news will be already included in the ticker price already so I can only go by what I see...
1) The daily bollinger bands, or the moving averages if u will, the 20 (middle bollinger) and the 12 (blue line) have crossed below which is very bullish and that is when the jump happened to the upper bollinger with a pullback on Friday which is normal. Overall, bullish move.
2) The RSI has been creeping steadily higher and is in convergence so no reason to think a top was hit and the next resistance will be 60 RSI on the daily.
3) Bull Flag, with the 23 dollar level holding quite nicely which is a fib retracement of 50%, which is a bullish move in itself.
4) The overall fundamental analysis for AC overall for 2021 is Bullish and this is a discount i do suspect.
5) People worried about layoffs need look at Canopy Growth which has had a surge after the initial announcement of layoffs in Canada.
6) If this was wave one completed and wave 2 has just consolidated then wave 3 target is on the board with 34 dollars being close to 100% which seems perfectly reasonable if you ask me...
Sincerely,
Justin
Air canada will go $20 soonoA news just comes up saying air Canada has cut 25% capacity and layoff 1700 employees, if you are looking to invest in this stocks i would recommend you guys to a little more until it get down to $18-20.
AC Volume/Strength Analysis1.
- Dip into previously drawn out liquidity pool.
- High volume; double the 20 day average volume.
2.
-Dip onto expected bottom.
-Low volume on the bottom; less than 20 day average.
3.
-On initial bottom the RSI was oversold.
-On next low testing the support the RSI is trending upwards showing a divergence.
Looking forward:
-Price has been sitting around a short term resistance showing strength bouncing off the bottom.
-Another touch of support on even lower volume could be a great sign to begin an uptrend shortly.
-Also watching for a high volume breakout pulling back to previous resistance and establishing uptrend.
Air Canada Wyckoff Beginning to accumulate currently.
Quick accumulation in new year followed by min 40% gains.
AC LookTSX:AC
Air Canada may have a bounce before going further down. Short time up and downtrend still. Good for day traders.
