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...
We fell beneath yesterdays low and may see renewed selling pressure now.
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%.
Bottom appears to be in and we are starting our move on the upside. Warren sees something as compared to $WBD.
a trading strategy that swing trades on 30 minute candles. never catches the absolute bottom, but never catches a falling knife either. strategy looks for a 1-day MACD that is above neutral and looks for 30-minute crossovers where the signal is above 0.
PARA bouncing off this extreme support zone for the 4th time ?! chances are history repeats itself! targeting 31.67-34.17-36.83 with stop loss at 27.18
There is a new higher high but yet to be a higher low with continuation divergence. there are more market risks than I like. Index's look ugly, tax season, it comes down to follow through price action at a historical inflection point. The white line must be broken and back tested as support to cause a change of character. Under this market's selling pressure i...
This stock looks like just fine. Double bottom after correction is a strong sign of bull's market takeover. Generally price is completing right shoulder of inverse head.
PARA Perfect chart to see why you NEVER buy a parabolic move. In Aug. ’20 price broke above the 200 ema and move sideways above it until Nov.’20 when broke out and up. Price from here flagged all of Dec.’20 when it broke out of the flag jan.’21. From there price made a parabolic move from 37.66 all the way up to 101.85 in Mar.’21 By Apr.’21 price crash all the...
I think that Paramount Global (former Viacomcbs) is one of the most hated stocks at this time, Let's compare it to Netflix. Revenue: PARA: 8B$ - 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...