BOMBARDIER INCLong
4 HOUR BOLLINGER BAND IS YOUR FRIEND
We are in unique times and Bombardier has been a forefront name to Canadians for a long time. During this pullback we have been outside the 4 hour BB twice, once on the drop March 18/19 and once after the big bounce on March 26. We are now coming back to the low of 52 weeks ($0.38) with the 4 hour timeframe nearly outside of the BB and the hourly in oversold conditions. Barring big economic news, I can see a hold of the low and bounce back into the mid $0.40 range.
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