Bullboard - Stock Discussion Forum Air Canada T.AC

Alternate Symbol(s): ACDVF

Industrials Airlines

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's... see more

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TSX:AC - Post Discussion

Air Canada > Break the wall

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Post by Tempo1 on Nov 29, 2024 2:26pm

Break the wall

All the week long, there was a wall at 25$. Between 400 000 and 650 000 shares offered at 25$ (473 k now). The today's volume is not enough to break it.
Many touch over 24,90$ all the week long.

The momentum is intact, this surge still has legs.
Monday, if the market stay positive, at only two week of the investor day, it will probably be broken freeing the way for a higher price.

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Comment by xgbssxx on Nov 29, 2024 4:14pm

My plan here is to continue accumulating as much I can handle before Investor's Day. I think there will be some exuburence to be seen after Dec 17, 2024 and the stock may blow past the $25 and then some. For now, this wall is fine as it allows AC to buy back lower (so far have seen nearly max buys every day since the start of NCIB). and myself to accumulate.

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