Stock Technical indicators to notice in BOMBARDIER INC CLASS’B'S/VTG NP (BBD-B.TO)
1- Last bullish trend was from 3.93 $ (4/11/2012) to 4.20 $ (5/1/2012) a 0.27 $ move 2- The current bearish trend started from 4.20 $ at 5/1/2012 and is currently trading at 4.01 $.
4- BBD-B.TO current resistance level is at 4.03 which is the 61.80 % fibonacci retracement of the last 0.27 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
BOMBARDIER INC CLASS’B'S/VTG NP (BBD-B.TO) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 0.430 $ height triangle.
BOMBARDIER INC CLASS’B'S/VTG NP (BBD-B.TO) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 0.930 $ height triangle which was broken up at 4.120 in higher than usual volume, target of the pattern is 5.050.
BOMBARDIER INC CLASS’B'S/VTG NP (BBD-B.TO) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 1.390 $ height triangle which was broken up at 4.120 in higher than usual volume, target of the pattern is 5.510 which was broken down at 4.150, target of the pattern is 2.760.
Stock Trading Conclusion:
BOMBARDIER INC CLASS’B'S/VTG NP (BBD-B.TO) 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 : 4.03, 4.05, 4.07, 4.08, 4.10, 4.11, 4.13, 4.14, 4.19, 4.20, 5.05, 5.51.
Stock Support levels : 3.93, 3.86, 3.76, 3.68,.
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