Nice cup and handle pattern with breakout

2 févr. 2018

Bombard has long been a TSX laggard but, much like blackberry, its looking at big gains in 2018 following the release of C-series that was heavily delayed on many fronts (which was not good for them) In the last weeks it has broken through resistance that was holding it back for almost 3 years at the $2.80 region and has broken out from a cup and handle formation on exceptional volume.

I'd defenetly be looking to enter long around $2.95-3.00 region as this stock has become a beauty to hold again for 2018 from a technical and fundamental standpoint.

2 avr. 2018

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