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Air CanadaAA

Air Canada

14.27USDD
+0.11+0.78%
At close at Aug 13, 20:39 GMT
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ACDVF trade ideas

Air Canada is set for another volatile weekHello Traders, I am back for another AC technical analysis. Looking at the 4 hour chart, we can see that AC has been in down-trend since June 20th high, as the price has been rejected multiple times at 4-hourly 20MA. However, few bullish signals have emerged: 1) Bullish divergence in price and MACD 2) $15.90 has been tested multiple times and bears are failing to break this support If AC breaks orange trend line with convincing volume, we can expect the price to hit $17.50 in short term. Stop loss: $15.85 Happy trading.
T
by x45lu
3
AC long rotationAs AC was trading in triangle formation you see a nice pull back day on the 27th August, then a nice 'spring day' on the 28th. Both days have consistent volume as well. Futures are up and things are looking good for this week. I expect a continued rotation for AC and CHR on the TSX. At least for now. The COVID cases in the states are coming more under control as the days go by. Next resistance in the 18.50 area. If it breaks through, all bets are off, it already reached about 23 in June. Trade at your own risk!
TLong
by tsx_trader
AC Long Options tradeHey folks I purchased 5 AC Calls Expiring in January of 2021 at a strike price of $20. I am bullish on AC for that time period. The share price had already reached $20 in June! its not unspeakable that it can reach $20 again or even hover well above it prior to January 2021. In terms of technical, AC has constantly bounced back to the upside when it reached the high $15 mark. It recently in the last 2 weeks bounced of the 15.60 and 15.99 marks. This is giving me confidence that there is good support. If it falls below the support level, I will re-consider my trade. Otherwise, I have confidence in it. All that needs to happen between now and January is one or a few good things in short order, the share price can soar. I am betting that between now and January, the CDN and US gov will allow travel between those two conuntrys. Once that happens, there will be left off. I dont see Canada keeping the border closed that far out. The COVID cases in the US is declining and this is true here in Canada as well. Some other good news such as re-opening, more travel abroad, etc will get lift off. Also, anytime now, if there is a bubble in the tech or gold stocks (when people get sober), money will turn into other areas of the economy which includes airlines and aerospace. Buying the Call options at such time that the share price is declining towords its support gives you a better bargain on the call options. You need to have patience for this trade. Good luck folks!
TLong
by tsx_trader
Air Canada lift off?Air Canada is one of the more undervalued stock right now, due to its uncertainty. Currently facing multiple MAs as resistance, but has bounced from the lower wedge support. Price has made higher lows bouncing from the monthly support as outlined in red box. Upside is to the upper boundary, to around $22.5 If travel restrictions loosens, and or COVID-19 vaccine is confirmed. If COVID-19 is extinguished and traveller confidence goes back up, Air Canada can easily lift off to its 40-50$ range. AC recently announced a relaunch of its Aeroplan rewards program, which provides more value to the company and to customers - which resulted in the stock price gaining some momentum. It is set to start Nov 8th, 2020. It has a lot of capital to burn through and can weather the fight relatively easier than it had to in the past. Personally entered around $15.5, looking to re-evaluate position if price revisits it.
TLong
by avedj94