Bullish Flag, confirmed.
Pros:
Descending volume during formation
Volume increase at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, but descending
ATR Ascending
R/R ratio above 6
200MA ascending
Cons:
250RSI below 50
PT = 0.7905$
Long term MONTHLY channel is starting to flash buy signal.... The compagny is only worth ~750 millions.
This will be a lose everything or 2000% gain story.
!- 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
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...
Since the Covid-19, the sector of aeronautics got hit as project has been stopped, cancelled or postpone.
Through out this last 20 days we can see a ranging motion, the next sign of rise, can indicate a good potentiel buy if it breaks consistensly at a level of 0.88.
