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.
BUY -> Easy money!
ENTRY: 38.90 USD
TARGET: 43.67 USD (11% profit)
STOP: 37.19
1.) Viacom CBS was forced to sell its Chinese Tech-Stocks as well as the US Entertainment Industry Stocks!
2.) This resulted in a more than 60% crash!
3.) The bottoming seems to be finished and consolidated! There's only one way to go! Up!
Hello traders,
We will enter in VIAC at this level and we will increase our position in the red line if we dropped there.
*** This is not a financial advice, I'm still a beginner trying to share my Road here.
Than you.
George Soros bought this in March. Trendline resistance has broken- rocketed and now retracing back to the previous resistance as a new support. Been testing the new support. and Fibo level is 0.618 - a great level. Worth to invest in it.
VIAC having run up a mountain to fall off a cliff is finding long term support on the 50ma and trending just under the 200ma. Its almost as if the mountain didn't happen, and price could well continue on up and find a rally down the road. That recent little impulsive pop through the 200ma shows where price wants to go I think.
Not advice.
An extract from my research report for the week commencing 28/06.
ViacomCBS (43.82) | Low Risk, High Reward?
Forced Hedge Fund selling saw this stock drop from 100 (in March 2021) to a low of 37 (by April 2021). Turnaround on the cards? We note the price attempting to emerge from a base, while also having regained it’s pivot. In addition, the 14-day RSI is at...
27 June 2021
After huge drop in March, we are looking for technical pullback.
Price forming a support around $38.
If price above $48, we shall look for next resistance at $56
VIAC is sitting on strong support and prepare to break the symmetrical triangle.
With strong PE of 9-10 compare to industry, most likely will breakout and fly high
