This one is a few cents short of our target of $2.25 suggested a month and a half ago. Assuming that as one of the few companies that makes trains for governments on a cost + basis, this one will probable still be around after this correction , in which case this is about as cheap as you can get. Initial targets would be in the $4/5 area. It is a buy now or at the suggested target. The last wave of the 5th is a clear mini diagonal that still could get to the $2.25 level but that is now academic.

Bombardier must have read the book the way it is obliging. This one has a near perfect triangle formation for wave 4, alternating with wave 2 and extending beyond the boundaries of the channel lines as is normal. Now it crashes as it should as everybody is downgrading it. A bit odd when you think about it as this company is, without a doubt, the infrastructure company par excellence. Low margin business to be sure but trains will be needed more and more.

    The triangle measures $3 to $3.5 so a reasonable target to the downside would be $2.25 , give or take a quarter. Once there it should rebound and return to the apex for a double, at least. This is not simple a double or nothing bet as the return to the apex occurs almost always so it is a high confidence situation. Good luck.