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Aircanada

Risk to Reward Ratio is the key to constant wins at tradingI love writing those articles on my Blog, mainly because I learn from reviewing my trades & secondary for the value it gives back to the trading community. I been preaching Trading is simple but not easy. It is based on following a winning trade plan. & how do you find such a plan? Try & fail, Try & succeed there is no other way. There is the possibility of a generous soul teaching how a winning strategy & thats what I hope to do in this article. I will share 2 rules Rule number 1 Always trade the bigger picture. Find out what the bigger picture chart is doing & trade based on that. In this trade am placing my trade decision in the (W) chart the top chart in white. My bigger picture chart is the monthly (M) not shown. And the chart I use to time my enter & exit is the Day chart (D) below in Black Rule number 2 Risk to Reward ratio, This should be rule #1 but I placed it as number 2 to add importance to the rules of trading the bigger picture. Aim for a Risk to Reward ratio of 3 to 5. This means you asses the Risk (how. much money you can loose) before you asses the Reward (how much money you can win). In this trade, the bigger picture chart (M) is in a downtrend. The trading chart (W) comes into untested Supply Zone (SZ) with a Risk of less than a dollar. I take my SHRT in the red Circle The reward is 4-5 dollars per share, mostly due to a price free fall zone, with little Demand zone (DZ) to challenge the price. I took profit at two point marked by the red X in the Daily chart. There are odd enhancers as to why I took this trade, but they are outside the scope of this blog. If you like to learn more about my winning trading strategy that I been practicing for 11 years. Follow my Blog & learn to trade smarter.
TSX:ACShort
by greatful-me
Air nz back in businessBreaking its overall trend resistance since covid last year air nz has been bought out its long positions between 1,30-1,55 zone and is currently entering a bullish channel for 2022. ITs overall support has now increased and with covid pandemic almost being finished with vacc rates close to 90% we will see the tourisim business looking to get back in 2022, Price prediction,2.20 by feb and 3-5 dollars within the following years with an increase in EV's with its 2030 first electrical plane forecast, along with this information possible news of deals with Singapore and Malaysia airlines could booster up the price to 5+ within the following years, very solid long term buy imo
NZX:AIRLong
by Glo1235122
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
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
TSX:AC
by CryptoTheory