AC, Air Canada

The usual, then June 6, then Jan 4 and now charts;

ac june 6 2015AC jan 14 2016ac feb 8 2016

We only have a dollar or two to go and we will be at out target. You can enlarge the charts by clicking on them. When we get there this stock will be down by 2/3. This in the face of fuel prices dropping which should have given the company more lift. Where it goes from there remains to be seen. It should be a buy for a trade of few dollars, which on a percentage basis would be quite large. Thereafter my guess is as good as yours. Just remember there are other stocks, move to one with a clear pattern. This “diagonal” is one of the best and reliable. See also for the expanding version.