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...
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...
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...
VIAC - Went on a parabolic uptrend between Nov.2020 – March 2021. Price then came tumbling down finding support @ 37.65. Price also found resistance in 50ema. After much fight, buyers lost the battle and price broke down from support. Price has since pulled back to 50ema which has been acting as the dynamic resistance. This is my entry.
We also have a death cross...
If a handle forms out of this cup, this is my guess to how it will form. This is not a definite just an assumption since the overbought signal is in play on the RSI I'm looking for the pullback as it sets up again. Earnings is also coming up in a few weeks and I'm thinking it will do well with the recent Comcast deal and the fact that the virus is giving people...
When this cup is finally finished playing out. The target for Viacom should be between $45-$47. Not sure where the handle comes in yet and I don't want to make any assumptions so we will wait on that. This is looking healthy despite the current market conditions in my opinion because with life being so hectic and the limit to outdoor activities... television may...
RSI Overbought on the 1D.
Should retest leading span B
Consolidate for another Breakout
Recapture $40 VPOC as leading spans A&B cross over to confirm bullish trend.
Macro analysis is looking good.
Keeping a tight stop if price falls back into cloud which will indicate failed breakout / volatility.
Checkout Ichimoku-Cloud edu series if you need help reading...
I don't know about you, but I got the Saturday Night Fever for VIAC.
Since Archegos made its fatal misstep, VIAC has been under short pressure from the Shylock.
Tax harvesting has relieved some of that pressure from shorts.
Add market sentiment shifting to risk off appetite,
We will likely see a retro stock like VIAC back in fashion this year.
I'm not...
VIAC is holding support here with multiple daily buy-back wicks and is showing early signs of a bounce from this level. Risk/Reward to first PT is 4.62. I drew this level months ago, and to be fair, it would also make sense to have additional buy orders slightly below the green buy zone.
I never heard about The Merchant of Venice before this morning, but the more I read about it, the more Intrigued I became.
The Merchant of Venice is a 16th-century play written by Shakespeare in which a merchant defaults on a loan provided by a Jewish moneylender, Shylock.
For the purpose of brevity I can't go through the play or all its characters in its...
- The chart above is of Viacom's PE ratio
- Viacom is a quality company in its industry which is trading at a pretty good discount; especially given today's insanely over valued market.
- Besides a few months in 2019 where it traded in the mid single digit PE, it's never really been there for too long. It
- It also gives a 2.5% dividend yield as the cherry on...
I only started learning Finance and Markets 9 months ago so please don't take any of my ramblings as financial advice.
I am a black sheep just like VIAC here.
I got into the markets because of GME but stayed because of VIAC.
The market is vastly more complex and ruthless than I ever imagined.
It really is a virtual playground for a lifetime gamer like me....
2 flat quarters, all those short sellers stops are above the quarters highs, this day is looking bullish, if the impulse continues we might test september open and then quarter open causing short covering.
TECHNICAL
The chart above is using two forms of technical analysis. Firstly, the longterm trendline (blue color) and secondly, support and resistance zones (green color).
You can see here that the trendline has entered the support zone so these two factors should provide strong support in case the stock drops a little further.
strategy here is to go long...
VIAC has been in a channel since MAR this year. As long as it is this channel it is in the accumulation phase. I've been selling $36 Puts 1-2 months out and has been working out.
If VIAC breaks above this channel it should spring higher and help you collect your premium faster.
