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!
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Disney Collapsing has nothing to do with "Woke" As this chart I posted back on March 2021 effectively proves.
and this one
and this one In fact, DIS is doing slightly better for now.
"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.
Daily and weekly chart still under falling condition. The rising chart only starts at the end of June.
Shena
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YES!GOOD JOB
WalrusFat
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I think buying here is a preety safe bet. I will start buying more from 35-40, this company has a very high revenue per employee, lots of cash and has been around long enough that I’m comfortable they can transition to more profitable streaming and even other ventures. They might not be the next netflix but this blow up is a gift, if you have some patience
aasstt
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the point of control is all the way down near $14
LMAO
RealMacro
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@aasstt, Yes, the Log charts should not be used on the downside bc it misleads the eye.
A $28 drop is massive!
@lilystoxx, A logarithmic price scale is a type of scale used on a chart that is plotted such that two equivalent price changes are represented by the same vertical distance on the scale. The distance between the numbers on the scale decreases as the price of the asset increases.
Basically, log shows you % change rather than price. % change matters more on the way up since we care how much % gain we expect. But since % are not accurate when comparing up to down price differences
(meaning a 50% loss requires 100% gain to break even & no matter the price gain you are always 100% from zero) log does not work well on the way down.