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AIR CANADAAIR CANADAAIR CANADA

AIR CANADA

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AC trade ideas

WHICH PRICE A NOVICE INVESTOR MUST BUY AIR CANADA-04-17-2020****************************************************************************************************************************************************************************** Decisions to buy, sell, hold or trade in securities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of “Day Trading” involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and the ability to bear financial risks. ************************************************************************************************************************************************************************ WHAT CHART PATTERN AIR CANADA IS PROBABLY BUILDING? The forex rising wedge (also known as the ascending wedge) pattern is a powerful consolidation price pattern formed when the price is bound between two rising trend lines. It is considered a bearish chart formation that can indicate both reversal and continuation patterns – depending on location and trend bias. source:https://www.dailyfx.com/education/technical-analysis-chart-patterns/rising-wedge.html WHEN SHOULD WE TAKE POSITION? WE CAN TAKE POSITION AT ANY TIME IF YOU ARE A GOOD INVESTOR AND YOU CAN ANALYSE QUICKLY WHAT THE MARKET IS GOING, ACCORDING TO THE PREDILECTION WEDGE PATTERN HAS 5 POINTS SO WE CAN TAKE POSITION IN POINT B, C, D, E BUT THE RISK LEVEL IS NOT THE SAME B IS STRONGLY HIGH C IS HIGH D IS MEDIUM E IS LOW THE RECOMMENDATION FOR INVESTORS AND NOVICE PEOPLE WILL BE TO WAIT FOR THE BEST TIME AND THE BEST TIME WITH A LOW RISK IS THE POINT " E BECAUSE THE MARKETS WILL REACH A GOOD SUPPORT LEVEL TO CHANGE BEARISH TREND TO A BULLISH ONE. IN CONCLUSION, THE BEST PRICE IS AROUND $8-$6 .
TSX:ACLong
by Quotendance
2
Air Canada 1D Chart Analysis UpdatePreviously we at A&T Corp. had posted the 4H chart on Air Canada and it looks like it's following the same pattern so far and so here's an update on what looks like is happening. The downtrend is still on-going but this time the sell-off is gradual but steady and therefore, we can see the last bit of the Elliot wave is going at a lesser gradient than before. We think this wave will complete at this rate and maybe a little faster movement next week could be expected. The key point here is that the previous bottom might be breached to find and establish a new support level. Note: Remember a break-out towards the top of the triangle (current resistance) may still trigger a buying frenzy. Keep shorting the 1D chart till it reaches previous levels of $10.0 to $11.0. Stop-limit shorts to clear break-out line from the top. Please feel free to like, share, and comment below to let us know about your thoughts, opinions, and/or questions. Best of Luck!
TSX:ACShort
by AT_Holding_Inc
4
AC - Resistance AheadReferring to earlier Fibonacci, the price reacted on a resistance level, so this is the reason for a little drop today. However, the price has started picking up on small time frame. This movement is referred to Accumulation period, where insiders started to get in, or in Elliot Wave analysis it is called Wave 1, after wave 1 there will be wave 2 (small retracement) before it could make wave 3 (Public Participation phase where retailers have started to participate upon positive news). However, in technical analysis, Wave 1 is no longer valid if wave 2 drops lower than last low.
TSX:ACLong
by ellynacci
1
Air Canada 78.6% Fibonacci TestAir Canada chart for follower, JJ Kim. Price has fallen roughly -75% from the all time high in February as global airline stocks have taken an exceptionally hard hit during the coronavirus pandemic as global air travel has witnessed an extreme drop off as countries across the globe shut borders and restrict travel. Price is currently testing and holding at the 78.6% Fibonacci level of the total range from the 2009 low to the 2020 high. The 78.6% Fib level represents a -78.6% pullback within the total Fib range. As long as price is trading below the 61.8% Fib level the price trend will remain bearish. Best move here is to wait and see if price can regain the 61.8% Fib level before buying, and from there a move back above the 50% fib level is needed in order for price to regain a positive trend. In the immediate short-term, price needs to hold above the 78.6% level to prevent further losses.
TSX:AC
by PrepForProfit
Crash Landing for Air Canada. Is $4 really possible?I really wish I had bullish news for Air Canada holders but charts indicate we have a high risk of heading not only to sub $10s again but even crash to $4s to recover possibly in the $8s. Buddy's exact words this week with with my double digits daily gains on AC trading: "Pretty ballzy trading AC". 😊 It's actually a good trade if you catch the lows and quickly take profits. Problem is, I'm not the only trader doing this and pro bears are obviously shorting any strength for easy gains on the way down. Bulls are getting exhausted. Planes aren't flying, yes. That's a big problem that will be short lived but what this is doing is changing people's habits FOREVER! People are flocking to videoconferencing via FaceTime, Zoom etc Bears have an easy mauling on this one given the confirmed downtrend on the wider markets and economy grinding to a halt. Enjoy the time off and virtually hug others. We're entering a new era where flying on commercial flights stuffed with other's germs will become highly undesirable. Why travel by plane when there's plenty of places to see in driving distance? Why flight for a business meeting when you can "virtually" connect from anywhere using high speed Internet? Officially neutral since I flip between being bull and bear on this one as soon as the charts tell me to! Not my fault. Looking forward to the amazing seat sales though... I'll still fly (ok, maybe with a hazmat suit on!) Just kidding...
TSX:AC
by UnknownUnicorn2413721
Don't catch a falling knife or falling plane. Fasten seatbeltsWell, if there was any doubts that trading was much better than investing, this recent market correction certainly proves trading outperforms the investment "buy and hold" trainwrecks! Poor little retired investors who just saw their AC investments chopped in The chart I'm providing today is simple since I'm too busy trading that creating fancy charts. It's a day chart. We are seeing a descending triangle setting up for a formidable reversal pattern when the blood stops gushing from this bird. For AC, if you can't read minute charts, best wait for a confirmed reversal before risking a penny here. Not for the faint of heart or rookies. You need very short term trading abilities to make serious money. Wild volatility makes this a very profitable trade without having to risk short selling at or near the short term lows. Seriously oversold RSI of 11 on the day chart and numerous other time scales. Dangerous both long and short. Don't buy and hold. Don't short and hold here... Ladies and gentlemen, please fasten your seatbelts. The turbulence is far from over in the wider market and in the Canadian skies. Stay safe and hug your neighbours in a socially distant way!
TSX:ACLong
by UnknownUnicorn2413721