Air Canada
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Air Canada is set for another volatile week

438
Hello Traders,

I am back for another AC technical analysis.

Looking at the 4 hour chart, we can see that AC has been in down-trend since June 20th high, as the price has been rejected multiple times at 4-hourly 20MA.

However, few bullish signals have emerged:
1) Bullish divergence in price and MACD
2) $15.90 has been tested multiple times and bears are failing to break this support

If AC breaks orange trend line with convincing volume, we can expect the price to hit $17.50 in short term.

Stop loss: $15.85

Happy trading.
註釋
And here it is strong bounce from $16 :)

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