|Bombardier (BBD) is a global transportation company, present in more than 60 countries on five continents. They operate two industry-leading businesses, aerospace and rail transportation.|
The company's 62,900 employees design, manufacture, sell, and support the widest range of world-class products in these two sectors. This includes commercial and business jets, as well as rail transportation equipment, systems and services. It is headquartered in Montreal, Canada, and its shares are traded on the Toronto Stock Exchange as BBD.B.
|FIGURE 1: BOMBARDIER, WITH GANN TRADING ANGLES|
|Graphic provided by: AdvancedGET.|
|Figure 1 is a daily chart of Bombardier. With a Gann 2x1 angle drawn from the low of March 2009. Parallel lines drawn are from the pivot point highs and lows. They give us our buy and sell levels.|
At the moment, the price of the share is in the buy zone, confirmed by the relative strength index (RSI). The target, the sell zone, is in the region of $6.00 to $7.00. When the share price moves into the sell zone level, only then will we sell the share based on the indicator of choice. We would buy when the share price moves above the green 1x1 line shown.
Note the volume, which has fallen as the share price fell, is a sign of strength.
The market is correcting at the moment, presenting a good buying opportunity and at comfortable prices.
|Address:||3256 West 24th Ave|
|Phone # for sales:||6042634214|
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