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.