BBD.B - Neutral bullish here. Triangle pattern upside being testing while breaking moderate resistance. RSI looks healthy and room to run. Gap overhead. Would like to see some more volume come in however I find it bullish at the moment while mindful of possible false breakout.
Neutral here but see a pattern forming and waiting for break to the upside or downside to make a decision.
A good example of a situation where MFI takes precedence over a simple RSI. RSI shows positive divergence while MFI showing negative money flow. Looking for a short term bounce but I'd stay away from it long term as they do have considerable debt.
Expecting a move forward for atleast 2-3 months.
BBD long closed at 2.70. Now looking to short back to resistance at 1.6
the five year turn around plan looks Victorious
Les Affaires gave a analysis of BBD.A last friday witch i agree on www.lesaffaires.com It's gonna go back at 5,50$ at some point. For now we can expect a under 2$ drop before heading to that point. My guest is that focus on the market is elsewhere and people could see Bombardier like something with more potential then any tech stock now. So we may be out of...
Momentum has full crossed point in the downward direction. As well as ichimoku cloud showing red symbolizing a short trend. for additional conformation day chart has been red for 4 straight days.
retrace happened way faster than expected. almost 80% profits on this. close long and short at resistance
Over the last 3 years, Bombardier Relative Strength (14) has hit a peak of at least 70 **AFTER** hitting a low of 31 or lower. This chart shows roughly the relationship between share price & RSI as well as the "behavior" of these technical tools through the last 7 times this scenario has occurred.
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.
Comments are in the chart...I have no position FYI just applying my SPX gapfill trading crap to this thing.
MACD about to cross on Bombardier. Support held.
Might be a good time to look into some 2019-dated 3.00 calls.