Air Canada lift off?
Mis à jour
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.
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.
Commentaire
Doesn't look very strong. Got out of my position. Will look to re-enter below 15 at least.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.