VIAC has staged a nice reversal from the March lows and in recent days has
built quite a bullish setup as earnings approach.
Uptrend remains strong and is a perfect buy zone on multiple occasions, which
is also tracked by the 20 & 50MA's
MACD & Histogram have reversed from the most recent decline.
Local Fibonacci (white) and Major (blue) will act as...
VIAC hit a high of 28.50 on 8th June before languishing in a severe and protracted pullback.
On 30 July it finally rose above 25.60 after forming what resembled a mini cup & handle ("resembled" as it did not fit all the criteria for a C&H, namely, a prior uptrend). However, it now appears to be forming the "real" C&H (at least the cup, we do not know yet if a...
#1 Daily EMA144 is support
#2 Swing(A) crossed SMA50 and EMA144 (Normally, this is a pattern of beginning in uptrend)
#3 Swing(C) Began from SMA50
#4 No price change on 8/6/2020 Earning
Estimate: Range of Swing(C) = Swing(A) (ABC pattern, even if it is a consolidation only)
Entry below 26.5
Stop 24; when Trendline break
This is a stock I am bullish on. I am still waiting for the correction to finish before punting my life savings plus some margin into some relatively medium term options. I can't imagine what could go wrong, so it must be right. This is not financial advice.
Trying to evaluate the bullish trend with the supports from 2011, it's been a long time since it goes this low.
I bought on 18.52, hope to be right.
This is not an investment advice of any type.
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let us get into a few points. I don't usually like broadcasting companies, but Westinghouse Electric Corporation is owned by VIAC. I believe it does look like many people think another breakout for VIAC will happen or are bullish. The...