$AC LONG - Enter 16.50-17.00, Exit 20-22 into Q2, Risk 16

AC LONG - No monthly bounce or even weekly bounce since the highs, 36% drop, daily RIS oversold to historical lows, very good risk reward entry here at 17 area.16.00 16.50 massive support.

Entry: 16.50-17.00
Exit: 20-22 into Q2
Risk: 16

10 year AVG Forward PE = 7.34 , would put AC at 20.80 for 2.8 earnings 2025

Oil trending down to 60
CXY Canada dollar monthly bounce underway

Entered 17 break, expect retest back to 21 area, drop with zero bounces..

Q2 tends to be best quarter for airlines.
Suggest holding Long for 2-3 Months. Thank me later