AIR CANADA
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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.
Trend Analysis

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