Quotendance

WHICH PRICE A NOVICE INVESTOR MUST BUY AIR CANADA-04-17-2020

Long
TSX:AC   AIR CANADA
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WHAT CHART PATTERN AIR CANADA IS PROBABLY BUILDING?

The forex rising wedge (also known as the ascending wedge) pattern is a powerful consolidation price pattern formed when the price is bound between two rising trend lines. It is considered a bearish chart formation that can indicate both reversal and continuation patterns – depending on location and trend bias.
source:https://www.dailyfx.com/education/technical-analysis-chart-patterns/rising-wedge.html

WHEN SHOULD WE TAKE POSITION?

WE CAN TAKE POSITION AT ANY TIME IF YOU ARE A GOOD INVESTOR AND YOU CAN ANALYSE QUICKLY WHAT THE MARKET IS GOING, ACCORDING TO THE PREDILECTION WEDGE PATTERN HAS 5 POINTS SO WE CAN TAKE POSITION IN POINT B, C, D, E BUT THE RISK LEVEL IS NOT THE SAME
B IS STRONGLY HIGH
C IS HIGH
D IS MEDIUM
E IS LOW

THE RECOMMENDATION FOR INVESTORS AND NOVICE PEOPLE WILL BE TO WAIT FOR THE BEST TIME AND THE BEST TIME WITH A LOW RISK IS THE POINT "E BECAUSE THE MARKETS WILL REACH A GOOD SUPPORT LEVEL TO CHANGE BEARISH TREND TO A BULLISH ONE.

IN CONCLUSION, THE BEST PRICE IS AROUND $8-$6 .

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