Hello Traders,
Bombardier finally broke .57 resistance, and looking for the weekly reversal. It is currently testing .56-.57 as a potential support. The volume is decently high for the breakout. In case .56 does not hold, .53 retest may be necessary.
Daily 100MA most likely acts as an overhead resistance, but plenty of profit can be made in this trading range.
Target 1: .69
Target 2: .80
Bombardier finally broke .57 resistance, and looking for the weekly reversal. It is currently testing .56-.57 as a potential support. The volume is decently high for the breakout. In case .56 does not hold, .53 retest may be necessary.
Daily 100MA most likely acts as an overhead resistance, but plenty of profit can be made in this trading range.
Target 1: .69
Target 2: .80