We are trading within a downward channel. After the recent corrective rise we had reached its ceiling but could not break the channel. As the trend remains bearish I suppose that we shall follow the channel now again as we did since mid August.
I've come to talk with you again.
Because a vision softly creeping
Left its seeds while I was sleeping
and the vision that was planted in my brain
still remains
-------
Me and Viacom (now paramount) have history.
Apr 8th 2021 - It was the first stock I became invested in the markets 2 years ago (and lost 5 digits on)
Nov 12 2021 - I left this golden nugget...
Since Archegos got margin called, Paramount shares have declined over 80% from ATH. PARA is now trading at a P/E below 4 and at roughly half its book value.
Paramount has been transitioning to streaming, and Paramount + has been rapidly gaining subscribers and revenue, but the main causes for concern have been its high debt, and the decline of its cable TV...
Very similar structures, a rising double bottom
If this is the case for this second structure we may be upon a large bull move
Bullish on this Weekly timeframe
Price action thoughts posted in green bars pattern
This stock looks like just fine.
Double bottom after correction is a strong sign of bull's market takeover.
Generally price is completing right shoulder of inverse head.
NASDAQ:NFLX has already dropped from ATH of 6xx $ to 17x$. Paramount looks next. On charts we see a technical head and shoulder (HS) in play. The breakdown has started. Wait for confirmation by retouch on the neckline of the HS pattern before shorting (green flag). Any confirmed close above the neckline voids the HS pattern and this analysis. Target is...
CBS has 2 things going for its streaming services
Loads of new accounts for Champions League football/soccer
PlutoTV is selling the hell out of political ads and they had over 25million users for Pluto last count.
Whether or not this is good for the stock overall we shall see
I don't do fundamental analysis really and don't pretend to but just want to put this out...
The PEAD projected a Bullish outlook for $PARA after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 80%.
a trading strategy that swing trades on 30 minute candles.
never catches the absolute bottom, but never catches a falling knife either.
strategy looks for a 1-day MACD that is above neutral and looks for 30-minute crossovers where the signal is above 0.
using a strategy to identify bullish entrypoints.
using the 30 minute macd to find short term crossovers and longer term macd to find bullish trends.
basically this is buy the dip during a bull run.
PARA bouncing off this extreme support zone for the 4th time ?! chances are history repeats itself!
targeting 31.67-34.17-36.83 with stop loss at 27.18
PARA
Perfect chart to see why you NEVER buy a parabolic move.
In Aug. ’20 price broke above the 200 ema and move sideways above it until Nov.’20 when broke out and up.
Price from here flagged all of Dec.’20 when it broke out of the flag jan.’21.
From there price made a parabolic move from 37.66 all the way up to 101.85 in Mar.’21
By Apr.’21 price crash all the...
