Air Canada 4H Chart analysis
Combining the fundamentals (Coronavirus -Travel restrictions) with the current technical chart situation AC couldn't break the triangle from the top.
Short AC at open (ensure doesn't open over the triangle) and hold a short position if closes within the triangle shown above.
Note: Breakout of the triangle towards the top will mean an additional jump back to levels of $35.0 Therefore, set stop-limits at triangle levels.
Short AC at open (ensure doesn't open over the triangle) and hold a short position if closes within the triangle shown above.
Note: Breakout of the triangle towards the top will mean an additional jump back to levels of $35.0 Therefore, set stop-limits at triangle levels.
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