Watch BOMBARDIER - Channel
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 progress on their airplane sales, especially with their C-Series planes. However, in a recent article, Financial Times warned about the difficulties the company has with railways products. In addition, the Motley Fool described Bombardier as a "shaky" investment as of now.
Remember that the stock was trading as low as $0.80 in 2016. Such an improvement in this industry is huge. That is why I advise caution if you want to go long.
Trade safe!
Fundamentals - Bombardier made good progress on their airplane sales, especially with their C-Series planes. However, in a recent article, Financial Times warned about the difficulties the company has with railways products. In addition, the Motley Fool described Bombardier as a "shaky" investment as of now.
Remember that the stock was trading as low as $0.80 in 2016. Such an improvement in this industry is huge. That is why I advise caution if you want to go long.
Trade safe!
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