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
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.
There is a new higher high but yet to be a higher low with continuation divergence. there are more market risks than I like. Index's look ugly, tax season, it comes down to follow through price action at a historical inflection point. The white line must be broken and back tested as support to cause a change of character. Under this market's selling pressure i...
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...
I think that Paramount Global (former Viacomcbs) is one of the most hated stocks at this time, Let's compare it to Netflix. Revenue: PARA: 8B$ - NFLX: 7.7B$ Cash on hand: PARA: 6.3B$ - NFLX: 6B$ Long Term Debt: PARA: 17.7B$ - NFLX: 18B$ 2 days ago PARA confirmed a 2B$ debt (due in 2024) redemption. That means they are going to save more than 90M$ per...