Post by
Starsearcher80 on Jan 19, 2023 9:29am
REMARKABLE
It's quite remarkable that the Dow can be down over 1000 points the past 2 days, and looking to be down another 225 points on the open this morning, and Bombardier continues to show real strengh. The broader market may have created what looks to be some false resistance at the current $63/64ish level, as I really can't see anything else that provides resistance at this level.
So no worry to me. The broader market will do what it does, and in this case, will exhaust itself at some point. Then the typical relief rally should provide assistance for the stock to resume it's run up to the $71.00 level, which looks to be the next level of technical resistance.
Comment by
johnney on Jan 19, 2023 9:43am
Surprising, markets are down, and Bombardier still holds well! For me it's more a good sign
Comment by
flamingogold on Jan 19, 2023 10:07am
Actually, I think the stock could let some steam off here going into the FED meeting at the end of the month. A pullback would be normal and healhty.