Bombardier Inc. T.BBD.A

SETTING UP FOR SECOND STAGE RUN

[Starsearcher80]

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.

[johnney]

You know how to read charts, no doubt!!

[Starsearcher80]

Just 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