Viacom CBS has been trading at an extremely attractive P/E ratio for a while now and it appears to be poised for a breakout. The deep-red line is the line in the sand. I see an inverse head-and-shoulder pattern indicating a bullish breakout could be in the works. Great long-term hold and has a surprisingly impressive streaming business. I don't expect a huge spike...
It appears that an Elliot correction wave pattern formed here slightly pointing to a potential break-out. I used trend lines to show the convergence of the trend which appears to be consolidating on a steady upward trend. I placed an arrow where the trajectory could be going. With the big infrastructure bill and need for transports more than ever, I see these both...