AC, Air Canada update

The usual, then 4th of June, 2015, and now charts;

ac june 6 2015AC jan 14 2016

We hit the top right to the day, warning that this stock’s value would be cut in half (at least). In little more than one half of a year the stock fell from $15.07 to a low of $8. There is obviously more to go as the “wedge” should be retraced in its entirety at about $5.

The RSI is already well into oversold territory so there are various ways that this might be accomplished by making the correction more complex, but in the mean time you have saved yourself a lot of money already by exiting the stock.