AC trade ideas
Price target $43As I have pointed out in my previous analysis (), the recovery has already begun and is right now it is in full swing.
My own position is currently up around 40%, and I will continue to hold for the near future.
Air CanadaAir Canada
Air Canada is Canada's largest airline and the largest provider of scheduled passenger services in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada. Air Canada together with its Air Canada Express regional partners carries more than 45 million passengers, offering direct passenger service to more than 200 destinations on six continents. Air Canada is a founding member of Star Alliance™, providing the world's most comprehensive air transportation network. Air Canada is among the 20 largest airlines in the world and employs 30,000 people. Its corporate headquarters are located in Montreal. Air Canada is the only international network carrier in North America to receive a Four-Star ranking according to independent U.K. research firm Skytrax.
For more information, please visit: www.aircanada.com, follow @AirCanada on Twitter, and join Air Canada on Facebook.
aircanada.mediaroom.com
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Is Air Canada ready for lift off?Looking at the #AirCanada stock there seems to be a couple things at play. #AirCanada is stuck in a downwards channel that has yet to be broken, it has flirted with the .38 fib a couple times but never clearly broke through and stayed above. The first bearish idea came from the idea of a downwards variant of a rectangle or flag/pennant, but looking closer #AirCanada may have printed a bull flag and it has just broken up. My only issue is the possibility of a bearish divergence on the hourly and there is not much room to grow on the stochastic or RSI but other than that #AirCanada break's though our .38 or #AirCanada shoot's back down to the bottom of the rectangle.
Until #AirCanada makes a clear break up or down my prediction is this stock will be stuck in its channel until further news of pandemic lift or revenue increase.
GL
AC (Short position for the interim only) AC had an unbelievable run on the 9th. Although, that run was consistent with the entire stock market, mostly the result of Biden winning the election and other news. Although, there was no material change for the company or the stock.
This means that AC went up significantly for events and reasons which are not related to AC itself; as such, I expect a short term correction.
I am in a short options position, very small one.
Put option Expires 27th, November with a strike price of 18.50. purchased at .50 with a last price of .92!
Now everyone can TravelAir Canada has several breakouts and Piercing Line candlestick formation, looking good for a beginning of Bullish trend
AC ShortShorting 200 CFDs, @ 16.57,
Add at $15 /w 200 more
Add 12.80 /w 200 more, perfect short.
Stop at 17.50
Air Canada doesn't make money, its being held up by scaffolding from the government of Canada.
It's probably gonna hit around $5 over the course of 6 months to a year. Then flip and go long for 3-4 years.
Multiple false breakouts. Perfect indicator that its trending downward. It's a giant bear flag on the weekly.
Catch the rounded bottom?AC has been floating the 15s range for a couple of days after the gap down and sell-off.
Looks like it is forming a rounded bottom before the leg back up to MBB daily around the high 16s area.
Looks like a low-risk trade. The risk to reward is 1:3. The trend is not in favour but if we consolidated here and the move back up to daily MBB could happen fast!
believe it or not, there's more pain for air canada holdersA bearish pennant has been forming last few months since the March crash. This has just broken down which has opened up downside risk for the bulls.
Air Canada: Head and Shoulders Attemp!Hello traders,
Looking at hourly chart for air canada, we are starting to see, multiple bullish divergences, which indicate bullish reversal.
We are starting to see head and shoulders pattern starting to emerge, and bulls need to break 16.15 convincingly for breakout.
In case of bullish breakout, the next target is 16.80.
Happy trading!
Air Canada End of OctoberAir Canada will hit the $14 mark mid to end of October possibly due to travel restrictions. Then will most likely reach the $20 mark after New Years.
Beginning of the recovery Broke through (and remained on top of) major MA. This could be the beginning of the recovery
