If a handle forms out of this cup, this is my guess to how it will form. This is not a definite just an assumption since the overbought signal is in play on the RSI I'm looking for the pullback as it sets up again. Earnings is also coming up in a few weeks and I'm thinking it will do well with the recent Comcast deal and the fact that the virus is giving people...
When this cup is finally finished playing out. The target for Viacom should be between $45-$47. Not sure where the handle comes in yet and I don't want to make any assumptions so we will wait on that. This is looking healthy despite the current market conditions in my opinion because with life being so hectic and the limit to outdoor activities... television may...
I don't know about you, but I got the Saturday Night Fever for VIAC. Since Archegos made its fatal misstep, VIAC has been under short pressure from the Shylock. Tax harvesting has relieved some of that pressure from shorts. Add market sentiment shifting to risk off appetite, We will likely see a retro stock like VIAC back in fashion this year. I'm not...
Easy scalp here. Loaded up on some shares at $38, target is $44. Not too late to get in.
$VIAC (Viacom CBS Inc.) Breaking down the support level. Daily chart.
ViacomCBS Inc. is a media and entertainment company which creates premium content and experiences for audiences. The company's consumer brands portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, CBS All Access, Pluto TV and Simon & Schuster. It operates primarily in the U.S., Europe, Latin America and Asia....
$VIAC to $47 75% Chance of a Double Bottom Repeat.
Viacom CBS fundamentals are great, even tho ViacomCBS is really undervalued right now stretch stop loss due high volatility , so manage well your position size.
Next support levels 36, 34. For now, close above the green dash line would negate downward move.
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.
Updated from the last two days. Lines haven't moved and needs to recover or else..... good luck and make your own trades
Updated from yesterday... Almost broke out but fell back in today. Volume really dried up end of day, today. Good luck and make your own trades.
I believe we are likely in some consolidation before the next leg down. This could easily make it to the twenties before any support stops it. Make your own trades and good luck!
Overleveraged hedge fund position on VIAC is giving the little guys opportunity to load up on on VIAC longer term call options
They say the market isn't manipulated. Anyone that's been trading usually knows the market makers and insiders move the stock market. I find it funny that both of these assets basically fell and backtest prior breakout resistance lines and essentially created higher lows after both completing higher highs . Media makes it sound like armageddon to get holders to...
Showing hidden bullish divergence. should be a bounce eventually. gap to be filled up at the 786 retrace area as well.
I see great support with the notable volume on the 200/233EMA area. Price will probably continue on the bullish trend despite Bill Hwang's actions. My EP is $45.