VIAC is overbought. Registering RSI 85+ today on three separate timeframes has qualified this to me as a clear shorting opportunity. This isn't a high multiple name in a sexy sector, either. This is a legacy media business trying to hack it in a crowded market. I'm long weekly lotto $80 puts (I'm basically NEVER this aggressive) and also short shares in the long term. If this trade drags on I'll find something to spread it with.
Cheers!
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Closed the trade this morning for a 65% profit. happy with that result! Still short the stock.
Short sqeeze happening so far this week, you can get burn. Never say never, will it turn? who knows, it will but who knows when. $120 is possible with March madness coming up
Interesting. Not saying I would bet my life on them, but ADX and MACD seem to stay pretty optimstic. ADX is at 60, depending on time frame, 35 above trend mode threshold. Will need to see if MACD hit peak momentum. Long term decline is a no-brainer though.
henlin
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@henlin, the 1h MACD seems to be the most significant in terms of reversal. Also, Dojis if you're into that.
brandonblakeberrios
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;) Had to follow
wildjosh1995
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Damn! So true. lol
Archegos did the bears a favor.
Adam
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Jesus christ. You really busted a nut with this. Good stuff.