The recent break of the long term trend at $96 to $78 was the start of the A=B down trend. The retracement to C at $92.17 confirms that the stock is headed to $74 where it will find support at the 1.27 FIB. Short or buy a Bear Put
The current break of the 50 day moving average is a retracement towards the 'C' leg. This represents a potential buying opportunity both in the short and long term.
The chart shows two ABCD movements up along the long-term trend. The main ABCD and a minor abcd forming within the main.
Net income grew by 52.07%, year over year, to $0.62 per share during the most recently completed quarter. This was among the strongest growth seen by any company in this industry.
Net income grew by 52.07%, year over year, to $0.62 per share during the most recently completed quarter. This was among the strongest growth seen by any company in this industry.
The Canadian dollar rally over the last 5 weeks caught everyone flat footed. Don't be caught again - CAD will weaken and this will pay you a dividend while you ride CAD rail back up 10%.
The company is making some strange choices and it's clear the employees, once known for proudly being independent, are not having any of it. Pilots already unionized. There are more to come.
The low-cost airline? What's that - isn't WestJet suppose to be low cost?
