After a multi-year downtrend, Bombardier is headed for a correction, in the form of an ABZ zigzag pattern
In a positive development, the target is in the range of 160 to 180
LONG LONG LONG ! Company have a very good future. The company sold the part that produced the trains. And she concentrated all her attention on the production of business jets. Technically, the company's shares look very cool. We tried to hide the technical specifications behind the split, but I have an old graph in my head.)))
Having a look at BBD.B It's been a while! Today we discuss long term resistance lines to worry about well off into the future. We also cover short term price levels. Forgive me for sounding very tired and at a loss for words. I feel rusty.
Bonus: I recap how I set up my gann box again to keep it clean.
Remember, I am not a pro and I am always 100% wrong....
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.
If confirmed:
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.
due to the petrol falll coming up and politics a war might even be coming bombardier will build trucks for it. its a possibility.
technical analisis is due for
tight sl on it
awaiting to see if handle will form.
not a long term hold per se but could be a 1 month swing if it works out.
first pt 1.10
will await to see if price drop lower with handle forming.
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 $5 range in the intermediate term. Time to load up because the Fibonacci circle and pitchfork indicated a low at .28 cents.
-Fibonacci: Broke upward on the pullback above the resistance in the flag.
-MACD starting its cross
-Stochastic RSI momentum going up
-Elliot Wave impulse.
-Real Bullish Candle
0.70 Low Target
0.80 Target
0.95+ Blue Sky Target
First time posting analysis... Feel pretty good about its projection.
See what today brings.
Not financial advice.
"Greatest profits are pure minded"
Legalizedhustler
L@@k very closely at circled areas.
We are currently trading in the small rectangular box.
Everything detailed on chart.
Could be a 20% incoming increase.
Up to .70 c
When it moves it goes up in .25c at a time.
Refer to vertical lines.
Looking like a repeat up to .70c..
Seems to be on a...
Bullish Flag, confirmed.
Pros:
Descending volume during formation
Volume increase at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, but descending
R/R ratio above 10
200MA ascending
Cons:
250RSI below 50
ATR Flat
PT = 1.15$
