Air Canada Dips Before Soaring

Air Canda's 52 week low is $9.26 in March, when covid-19 hit, and its high is $48.06, right before March. The stock has failed to recover, which makes sense as covid-19 restrictions have not been lifted. I believe this stock will remain bearish for the next 4-5 months, and then become bullish as restrictions open up. In Decemeber, we saw its price rise up to $27.50 as news came out for a new vaccine. The stock will continue to have small bullish runs, but overall, I beleive it will stay in the low 20s or even dip under 20 in the coming months. Saying this, the long term potential of this stock (1-2 years) remains bullish, as Canada will look forward to increase immigration to meet its goals, and the stock will continue its bullish run from before the pandemic.  

back
default-avatar-4

dhrumil09

Jan 23, 2021

-4.21%

Change % Since Posting

22.09

Price When Posted

-0.93

Change Since Posting

AC.TO

Air Canada

23.02

-0.08
-0.35%
Current Price

Air Canada Dips Before Soaring

bearish

Air Canda's 52 week low is $9.26 in March, when covid-19 hit, and its high is $48.06, right before March. The stock has failed to recover, which makes sense as covid-19 restrictions have not been lifted. I believe this stock will remain bearish for the next 4-5 months, and then become bullish as restrictions open up. In Decemeber, we saw its price rise up to $27.50 as news came out for a new vaccine. The stock will continue to have small bullish runs, but overall, I beleive it will stay in the low 20s or even dip under 20 in the coming months. Saying this, the long term potential of this stock (1-2 years) remains bullish, as Canada will look forward to increase immigration to meet its goals, and the stock will continue its bullish run from before the pandemic.  

Comments

Write your comment....

Sign in to comment

read-time
1 min

19.88

Target Price

8/ 10

Confidence

1-2 Months

Timeframe
catalyst icon
Earnings Per Share
catalyst icon
Financials
catalyst icon
Management
catalyst icon
Price to Earnings Ratio
catalyst icon
Dividend
catalyst icon
Other Catalyst

AC.TO Channel

Start new chat
next