juniortrader
Long

Dynamic Support Level $BBD.B

TSX:BBD.B   BOMBARDIER INC., CL. B, SV
Bombardier appears to have found a base in its current channel and is potentially setting up to retest recent highs. Reasons listed below:

Reasons:
- Price has held above the $3.00 level which has acted as a major level for many years
- Price is now sitting on the 100MA, which has acted as a significant dynamic support level in the past
- MACD has gone positive
- RSI turning over above moving average
- Bullish Divergence on the MACD

Waiting for a breakout above the other shown moving averages, then going long.
Not really a criticism but great analysis. I agree with you 100%
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juniortrader balanar_NS
@balanar_NS thanks, unfortunately it didn't go as planned
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