Ascending Triangle for Bombardier.
Not confirmed yet. But looking positive.
Not all indicators are green. Carefull if getting.
200MA and 50MA cross could be a good indicator for continued uptick.
Price target = 4.95$-5.00$
Stay humble, have fun. make money!
Weekly MA's flipped a few weeks back here. Looking to ride up to the 236 minimum. Stock has small moves at levels then breaks, grabbed it today as we pulled away from this level. Acceptable R:R to the 236. Stop will be managed in the usual manner nbehind the previous days HK candle, Im going to try to trail 50% behind the weekly candle as a trial. Should be fun.
Bombardier going much higher, target $5.This stock has been going down for the past 20 years but now has reached a long term bottom at .28 cents, now heading for the $5 range in the intermediate term. Time to load up because the Fibonacci circle and pitchfork indicated a low at .28 cents.
-Fibonacci: Broke upward on the pullback above the resistance in the flag.
-MACD starting its cross
-Stochastic RSI momentum going up
-Elliot Wave impulse.
-Real Bullish Candle
0.70 Low Target
0.95+ Blue Sky Target
First time posting analysis... Feel pretty good about its projection.
See what today brings.
Bullish Flag, confirmed.
Descending volume during formation
Volume increase at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, but descending
R/R ratio above 10
250RSI below 50
PT = 1.15$