Bombardier has had an excellent run since the stock reached all time lows of close to CAD$ 0.65 in 2016. Currently, the stock has move either way depending on key market conditions. BBD has quite the large debt (close to $9 Billion). The news of the CSeries partnership with Airbus, their upcoming Business Jet, excellent sales on the transportation sector and sale...
Stock has bounced here before. Buy low, sell high. Decent R:R + according to Leda R, "has a 10% dividend and is able to support it out of income "
We have a solid double bottom formed at $2.30, short term retrace target has accumulation zone below $3 with take profit target anywhere above $341