Long into earnings (IMO)
(Opinion Only)
This is a stock that is down because of the Bill Hwang liquidation at the end of March. I am long ($41.62 avg) with a first price target of $52.30 and a second at $60.73. Reasons why: 1) RSI is just above oversold levels (35). 2) It's holding the long term trendline from the bottom in March 2020 at $10.10. 3) It's holding the 200SMA and the 9EMA just caught up....
Temper your expectations. Trade what is given. Today's squeeze is probably off of the back of NFLX if I had to guess. Near time upside ceiling IMO is $43.00 unless a stellar earnings report next month. Downside pervails if crosses back below the 200day MA which now sits at the $40.00 level. Short below and long above is my plan. I think VIAC falls back under it...
The last of the block trades have been fired off. You can make a lot of money with contrarian trades; buying something everyone hates or buying when there's blood in the streets. There's plenty of VIAC's blood in the streets and I'm 99.99% positive there's none left to spill. Buying long-dated calls and stock tomorrow. Appears to be bouncing off 200-day MA. VIAC...
MACD curling up on the daily.
Looks like a bearflag.
$37 is a forgone conclusion since it also aligns nicely with the 50 week MA. But if it doesn't decide it's done going down there, it has these other two open gaps left to fill as well.. Trade safe. Opinion only.
Opinion only, goodluck.
Positive/bullish divergences on several indicators (CCI/RSI/MoneyFlow) & Short Interest of 15% Volume drying up. = Shorty Getting Squeezed Soon P/E of 10 = Value play. Opinion Only
Next support levels 36, 34. For now, close above the green dash line would negate downward move.
37$ could be the end of the 4th wave of Elliott. butterfly harmonic pattern: AB=0.78 XA=$37 BC=0.88 XA=$90 CD=1.6 BC=$20
Very strong level here needs to hold 39.69 the 200day MA. This looks like a re-test.
Bounce here off of the 200day MA to 45-52 is likely IMO. Opinion only.
Whether you are holding NASDAQ:VIAC because it is a good value now in today's over-priced market or planning to catch a bounce in the stock, (now) is the time to pay attention because the stock appears to be at a critical support level. The next support level below it looks deep on this particular chart. This is common-sense advice, as I am not a professional...
We are now at newer lows and challenging the 200 dma on the daily chart (39.43). Surprising no love for my prior charts (not) everyone seems to be uber bullish. Either way make your own trades and good luck.
If falls below 39.8 it can try to find support first at 36 next 34. Slightly bullish biased after such hard fall and little bit of bounce on Friday from the trend line. Depends on how it opens Monday. Too early to call for directional trade. Now waiting.. Close above 48 would be bullish.