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Bullboard - Stock Discussion Forum Bombardier Inc. T.BBD.A

Alternate Symbol(s):  BDRAF | BDRBF | T.BBD.B | T.BBD.PR.B | T.BBD.PR.C | T.BBD.PR.D | BDRPF | BOMBF | BDRXF

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It... see more

TSX:BBD.A - Post Discussion

Bombardier Inc. > Elliot wave theory !
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Post by dreamer05 on Mar 02, 2023 1:45pm

Elliot wave theory !

I was looking at the price movement of the Bomber for the last 2 years and notice the chart was similar to the 1st , ( upward trend ) 2nd ( downward trend )and now the 3 rd wave ( upward trend ) , which is the starting point. For those readers who are familiar with this wave theory 
may agree with me this might be the 3 rd wave price movement which started at the bottom price of about 20.$ last
July. The highest point of the 3rd wave should go up to about 3 times the 1st wave up, that is about 100$ increase
from the starting point of 20$. After that there is the 4th wave ( downward  coreection) and the upward 5th wave
upward rise again to the final climax cycle. I would like to ask any reader who are expert in the wave theory to correct me or to agree with me about the formation of this price phenomenon. If the prediction is correct , it will help all the Longs to plan to exit  or to further invest in the Bomber. I know there are some exceptions  and guildlines to follow
which I myself not familiar with. Your comment is much appreciated.
Comment by Frenchonporch on Mar 02, 2023 3:28pm
Always interesting to hear T. A. analysis. Would be good if you can include a graph in your post. 
Comment by Acuras1 on Mar 05, 2023 1:07pm
Your post caught my attention because I'm a strong follower of long term trends. Based on price sentiment over time periods and a little math + assumptions, etc.). The short of the message here of the theory is an excellent example of a long term trend reversal at work:) Bombardier is a work in progress. I certainly welcome anyone's comments on the turnaround situations. This company ...more  
Comment by johnney on Mar 05, 2023 5:15pm
Sure hasn't been easy for this company in the last 10 years and more, and shareholders more!!
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