-Fibonacci: Broke upward on the pullback above the resistance in the flag. -MACD starting its cross -Stochastic RSI momentum going up -Elliot Wave impulse. -Real Bullish Candle 0.70 Low Target 0.80 Target 0.95+ Blue Sky Target First time posting analysis... Feel pretty good about its projection. See what today brings.
!- technical is obvious: top of channel, then resistance line , then MA200 in daily as always. need volume. to reach targets fundamentals can help increasing volume: www.globenewswire.com pdf.reuters.com Targets clear on the chart. Seems worth having 5-10% of your portfolio if you have not yet
BOMBARDIER have up trend now is in good place for back up if not broke the trend
Hello Traders, Bombardier finally broke .57 resistance, and looking for the weekly reversal. It is currently testing .56-.57 as a potential support. The volume is decently high for the breakout. In case .56 does not hold, .53 retest may be necessary. Daily 100MA most likely acts as an overhead resistance, but plenty of profit can be made in this trading...
Another analysis for Bombardier is the fact that it just finished 5 impulse waves and corrected to the 70% fib level. We might see one more leg down or a double bottom around the $0.43 before the takeoff. Anything below 0.40 would invalidate our count and then we could see a new all time low. ...... Blessings
technical chart is obvious. we will rise at least to the first fib line. next week is the quarter report and based on the fundamental news of reopening airlines, it is good time to observe it and buy when hits low.
We are in unique times and Bombardier has been a forefront name to Canadians for a long time. During this pullback we have been outside the 4 hour BB twice, once on the drop March 18/19 and once after the big bounce on March 26. We are now coming back to the low of 52 weeks ($0.38) with the 4 hour timeframe nearly outside of the BB and the hourly in oversold...
Gap matching exactly with 0.61 fib retracement level.
Expecting a move forward for atleast 2-3 months.
the five year turn around plan looks Victorious
Comments are in the chart...I have no position FYI just applying my SPX gapfill trading crap to this thing.
neutral to favorable on abstract fundamentals of this company corporate governance and geo-political factors are moderately bullish upward oil price/ volatility creates catalyst for Bombardier fuel efficient/ electric products
Technicals - Bombardier is in a parallel channel. The upper limit and 180EMA are overlapping and form a strong resistance. Price could bounce down, or break above and get a good run-up. If it happens to go up, it could go back to recent highs around 5.40. I am just waiting for a trend confirmation to get into the trade. Fundamentals - Bombardier made good...
For those of you considering shorting Bombardier, I think there is still some upside left or atleast the time is not yet ripe to short the stock just yet. Granted, that based on historical performance (atleast the past 5 years) the stock has reached close to all time highs (since about 2012). Furthermore, the $5.00 mark seems to act as a key resistance level which...
Bombardier has had an excellent run since the stock reached all time lows of close to CAD$ 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...