From a charting perspective, VIAC has simply completed a wave 3 up, hooked, and is now in the middle of nowhere.
Down 60% from its highs, one can hardly say this is a good time to Short or Buy. Though cute storytellers and
all-knowing fortune-tellers will lead you to believe a short or buy will make you money.
Do not make that mistake! Loudmouth Fifters (people who say things and have a 50/50 chance of being right) will
all rush to tell you all sorts of details about the company and roamers so as to make a name for themselves.
They are experts at running to accident scenes after the fact and telling everyone what happened and why.
I urge caution! Wait for a proper setup in the charts first to set up your risk/reward if you insist on trading it.
Having said that, the point of control is all the way down near $14. Should it get that low I would be interested.
Should a bear flag setup and breaks, I would be interested. Should a bull flag setup I will be interested.
For now, I only observe. I suggest you do the same.
DON'T BE A FIFTER!
Down 60% from its highs, one can hardly say this is a good time to Short or Buy. Though cute storytellers and
all-knowing fortune-tellers will lead you to believe a short or buy will make you money.
Do not make that mistake! Loudmouth Fifters (people who say things and have a 50/50 chance of being right) will
all rush to tell you all sorts of details about the company and roamers so as to make a name for themselves.
They are experts at running to accident scenes after the fact and telling everyone what happened and why.
I urge caution! Wait for a proper setup in the charts first to set up your risk/reward if you insist on trading it.
Having said that, the point of control is all the way down near $14. Should it get that low I would be interested.
Should a bear flag setup and breaks, I would be interested. Should a bull flag setup I will be interested.
For now, I only observe. I suggest you do the same.
DON'T BE A FIFTER!
Real Macro Economic Investing
www.patreon.com/Realmacro
www.patreon.com/Realmacro
and this one
and this one
"Woke" has nothing to do with VIAC today.
I have heard too many people wanting to make trades based on "Woke" which is a mistake.
Don't make this political I don't care for any politics. I am A political so please spear me. Having said that the point I want to make on this call is that it did hit the point of control (highest volume by price) as expected.
My advice is don't make calls based on politics. Even if you are right once you will not be able to repeat the next 10 times. As such anything political should be disregarded bc it is not repeatable.