The business of Aviation is looking up. With airlines tightening capacity and still forecasting huge growth, the new lines of jets are pushing optimism higher. Bombardier has launched some great new planes and they seem to be garnering sales.
Bombardier has built a beautiful base and recently started to accelerate higher. This stock looks like one to keep an eye on as the market consolidates here.
The RSI has moved into bull territory, the MACd has acccelerated above zero, and the full sto's have finally gotten above 80. This is what a good base looks like.
Good Trading,
Greg Schnell, CMT
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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