Stock Technical indicators to notice in BOMBARDIER INC -B- (BBDB.F)
1- Last bullish trend was from 3.00 $ (4/12/2012) to 3.21 $ (5/2/2012) a 0.21 $ move 2- The current bearish trend started from 3.21 $ at 5/2/2012 and is currently trading at 3.05 $.
4- BBDB.F current resistance level is at 3.08 which is the 61.80 % fibonacci retracement of the last 0.21 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
BOMBARDIER INC -B- (BBDB.F) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 3.210 and 3.250, and is currently resisting at 3.205.
BOMBARDIER INC -B- (BBDB.F) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 0.690 $ height triangle which was broken up at 3.160 in higher than usual volume, target of the pattern is 3.850.
BOMBARDIER INC -B- (BBDB.F) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 2.980 and 2.550 that was broken down at 3.090 transforming into a resistance line.
Stock Trading Conclusion:
BOMBARDIER INC -B- (BBDB.F) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 3.08, 3.09, 3.11, 3.11, 3.13, 3.13, 3.15, 3.16, 3.20, 3.21, 3.21, 3.85.
Stock Support levels : 3.00, 2.94, 2.92,.
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