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MACD about to cross on Bombardier. Support held.
Most would be looking to short here due to the breakdown and apparent short term consolidation happening under the critical price line.
However parabolic move down plus RSI extremely overextended tells me were in for a possible sharp incline. risky and volatile so relatively tight stops here.
high oil prices may trigger this company which makes small planes.
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 ...
check out that bottom line. buys set up around 3.90 - 4.10
Bombardier will most likely trade sideways for the short-term. It may trade lower to 4.50 before heading back up to 4.87 and then 5.18.
Manage your risk: Use a stop limit or a protective put.
Reasons to be Bullish : lagging span on Ichimoku Cloud is still touching price, price had sharp bounce off cloud, momentum from positive news, DMI lines crossing, Parabolic SAR just took long angle, and volume above average volume line. manage your risk accordingly
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 ...
Been watching BBD for a while now, if closes above above 3.85, I can see it ride back up to 4.15.
Gonna try and exit at 3.95. Might manually sell if trade goes further down
The 50 MA has been tested twice during this consolidation phase which is in the $3.15 area. The $3.70 area has acted as a resistance twice. I am looking into entering around the $3.20
support area with a bullish candle confirmation, bullish MACD, and near oversold RSI.
Bombard has long been a TSX laggard but, much like blackberry, its looking at big gains in 2018 following the release of C-series that was heavily delayed on many fronts (which was not good for them) In the last weeks it has broken through resistance that was holding it back for almost 3 years at the $2.80 region and has broken out from a cup and handle formation ...
Bombardier appears to have found a base in its current channel and is potentially setting up to retest recent highs. Reasons listed below:
- 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
- Price has broken above the 20 and 50 sma's which have been acting as dynamic resistance
- Price is just above the 200sma (purple) which has been acting as dynamic support/resistance
- Price has broken above trend line (dashed line) which price has been bouncing off of for the past month
- TRIX indicator has gone positive
- Price has continued to find ...
Canada's Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) has fired back against Boeing's (BA +0.8%) claims at the International Trade Commission, calling allegations "absurd."
Long on Bombardier, Huge upside, Triangle up, possible breakout soon