Bombardier Inc. T.BBD.A

RE:Are we heading to $70 in the next couple of months?

[BBDB859]

I wouldn't be surprised at that at all. $70 is just $2.80 pre-split. If you're surprised with the timeframe? Then that's understandable. This stock has had a lot of tribulations, manipulations and an outright perplexing personality in the past. But all that is behind us now. And to hit $120 by the end of 2023 shouldn't surprise us either, that's just $4.80 pre-split. Why not? With LTD down to $5B or net LTD of $3.8B, and EBITDA of $1.1 to $1.2B yearly, that's cheap for this small float.

I want to see a forward split next, at 3 to 1 at $120-125. Which we all deserve. So we can get some real value.

vonSachsenanhal wrote:

 

Bottom Triangle - Bottom Wedge

 As incredible as it may sound, this technical signal is predicting just that.

2022 Dec 01Daily

 

Intermediate-Term Bullish

Volume	1,182,653
Close Price	51.28
Target Price	67.00 - 71.00
Pattern Duration	36 days
Inbound Trend Duration	37 days

Tells Me: The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation.

A Bottom Triangle shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend.