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AIR CANADAAIR CANADAAIR CANADA

AIR CANADA

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AC trade ideas

AC:TSX First Chart (ROOKIE)Hello i am new to stock market and trying to learn. So i made this up for the first time and would love some feed back and advice. Im guessing with my drawing we are about to hit the support and have a bounce back up. So if this goes over the 50ma line we have good chance of bouncing back up? I panic bought at 21.40 because the price went up to 23.5 but started to drop the next day. Now looking to sell at or just under 23. Think this is a good plan and target? I am a long hold but am trying to make some short profits along the way and get more into swing trading. Thanks for taking time to see my post. Lazy
TSX:AC
by BigMan89
3
June gains are gone...more downside?All the gain we saw in the powerful rise in early June is now gone. AC has been volatile in post-COVID trading & hasn't recovered much compared to markets. While shutdowns worldwide & low tourism have generally trashed the industry, AC is still operating their aircraft domestically and increasingly abroad, mitigating some of the heavy AOG costs that all carriers are suffering from right now. Air Canada isn't going anywhere but it might take a while for airlines in general to recover - we may see more downside (red arrow) if markets in general suffer from wave 2/re-shutdown fears, or potentially a smaller rally sooner rather than later. Price movements are still big enough for swing trading & AC has shown some small rally patterns (green) with V-shaped dips (blue). Watch for a break of the local RSI support, MACD divergence in either direction, or an increase in volume to point towards the next move. In any case I expect a local low within the first week or so of July and an eventual long-term recovery that is definitely worth buying into even now. For educational purposes only, not investment advice
TSX:AC
by gaf56
2
Accumulation stage - Swing tradeHey AC is entering a triangle shaped channel and has healthy buying pressure. Likely to break upwards. Since mid May, it has recorded higher highs and higher lows. There has been lots of bad news this weekend (Covid cases up in the US) and yet there is healthy buying pressure. On the 22nd, there was news from Trudeau that travel restrictions will not be eased in the present time, and this news did not have a negative impact on the trading day. I believe this news came out at about 12pm. Trudeau will review restrictions agains in July. This is a good time to add to your portfolio or enter for a wing trade. It is likely to have good returns should travel restrictions get eased up in July, with low risk to the downturn in the interim. Its also near a dip in the present trading channel. Confirmation for the upside to follow tomorrow. Entry 19.00 Exit 23.00 hold till made to late July anticipated. I bought a 3rd of my allotted shares for AC. Make sure to keep some cash in order to price average should the value tumble a little.
TSX:ACLong
by tsx_trader
1