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Bombardier Inc. T.BBD.A

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

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 operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Comment by Starsearcher80on Sep 08, 2022 11:29am
295 Views
Post# 34949471

RE:SETTING UP FOR SECOND STAGE RUN

RE:SETTING UP FOR SECOND STAGE RUNJust for clarification, I still put the "official" end the of consolidation phase at about $34,30. That being said, there is often a strong "pre-move" up, as traders come in with their own entry points based on the charts they use and their own trading practices and comfort levels. What we may be seeing here are the "early adopter" traders coming in, buying in anticipation of the move up. Even for them, I would normally say this is a bit early, but understandable in light of the points I made in my last post . If i was trading the stock (which I'm not), I would easily be buying here as well.
Starsearcher80 wrote: More and more here, it looks like this consolidation phase is about to end. Now, we were tricked before, but that was courtesy of a messy 2000+ point drop on the Dow, so the pause is certainly understandable and fully explainable. And still in the midst of that drop, Bombardier performed extremities well overall. But here is Bombardier right at the same point on the chart, and now showing clear signs of starting the next stage of the measured move up? Even with a 2000 point drop in the Dow?? And during that drop, the consolidation phase stayed completely within the normal channels with a near perfect touchback only to the 50 day EMA?? And with the technicals more primed than ever, allowing many of the charts to reset and/or "catch up to themselves" after the massive first stage of the run? Well call me excited here, and with good reason. From a technical standpoint, I'm liking literally everything I see right now, and odds are now in favour of this run resuming. No guarantees,, but this 2nd stage run is now easily within the realm of strong possibility. You can see the traders starting to come in taking positions. Enjoy.


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