VIAC Long2 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.
PARAA trade ideas
Viacom is approaching strong supportTECHNICAL
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 but there is downside risk of 8-9%, hence, wouldn't go all in but dollar cost average OR buy puts to hedge yourself.
FUNDAMENTAL
On a fundamental level, the stock is currently trading at 7 P/E which is pretty cheap and is about the same level as may 2020 (coming out of the covid crash). This stock doesn't spend too much time in the sub 10 P/E so definitely very cheap and attractive plus a 2.5% dividend yield is the cherry on top.
Selling PUTs on VIACVIAC 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 $36 Puts 1-2 months out and has been working out.
If VIAC breaks above this channel it should spring higher and help you collect your premium faster.
VIACOM CBSViacomCBS Inc. is a media and entertainment company which creates premium content and experiences for audiences. The company's consumer brands portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, CBS All Access, Pluto TV and Simon & Schuster. It operates primarily in the U.S., Europe, Latin America and Asia. ViacomCBS Inc., formerly known as CBS Corporation, is based in New York, United States.
Analysis:
Viacom is a powerhouse when it comes to media infastructure. Networks amongst the likes of Paramount, BET, MTV, Nickelodeon, etc are popular and have been around for decades. I like this company's financials and feel that they have enough cash on hand to be able to use their money where they feel is needed regardless of market conditions. On the 30 min timeframe, price is currently at a strong. I want to see strong bullish candles trading above the 200 ema for a possible entry point. I mainly do debit spread. I think if the rules apply in the near future, this could be a nice opportunity for a gain!
* Not Adivce
*I only share ideas!
VIAC BUY IN PUTS37$ trigger buy... Head and Shoulders Diamond Double Bottom...... 47$ trigger Cup top breakthrough + follow X'rs
VIAC - my old alert is still validVIAC - strong earnings, good news with Paramaunt
Yesterday showed strenght on volume
Targets 46 - 50 -60
ViacomCBS #VIAC Long Term BuyViacom CBS fundamentals are great, even tho ViacomCBS is really undervalued right now stretch stop loss due high volatility , so manage well your position size.
More downside expectedIf it breaks the dashed line, we will see this at 29. Can be a good short for the time being.
VIAC GOOD RISK/REWARD SETUPAny comments or criticism is more then welcome.
I have posted my entries along with TP's (Target Prices)
These are layer entries
Trading Idea - #ViacomCBS "easy money"BUY -> Easy money!
ENTRY: 38.90 USD
TARGET: 43.67 USD (11% profit)
STOP: 37.19
1.) Viacom CBS was forced to sell its Chinese Tech-Stocks as well as the US Entertainment Industry Stocks!
2.) This resulted in a more than 60% crash!
3.) The bottoming seems to be finished and consolidated! There's only one way to go! Up!
VIAC - Possible TradeHello traders,
We will enter in VIAC at this level and we will increase our position in the red line if we dropped there.
*** This is not a financial advice, I'm still a beginner trying to share my Road here.
Than you.
nice to LONGGeorge Soros bought this in March. Trendline resistance has broken- rocketed and now retracing back to the previous resistance as a new support. Been testing the new support. and Fibo level is 0.618 - a great level. Worth to invest in it.
VIAC - Finding Support VIAC having run up a mountain to fall off a cliff is finding long term support on the 50ma and trending just under the 200ma. Its almost as if the mountain didn't happen, and price could well continue on up and find a rally down the road. That recent little impulsive pop through the 200ma shows where price wants to go I think.
Not advice.
ViacomCBS: Take 1/2 Profits For +7.5%Let the rest run and reduce closer to full target of $49.50.
A strong day thus far.
ViacomCBSAn extract from my research report for the week commencing 28/06.
ViacomCBS (43.82) | Low Risk, High Reward?
Forced Hedge Fund selling saw this stock drop from 100 (in March 2021) to a low of 37 (by April 2021). Turnaround on the cards? We note the price attempting to emerge from a base, while also having regained it’s pivot. In addition, the 14-day RSI is at the highest level since March with a print of 59 (not overbought) and pointing higher. I like the name for a bullish reversal, provided it remains above 42.90. The stop-loss is 39.75 while the upside targets are 47.00 to 49.50.
Technical Pullback play27 June 2021
After huge drop in March, we are looking for technical pullback.
Price forming a support around $38.
If price above $48, we shall look for next resistance at $56
VIAC - longVIAC seems to be ready for the move up. Was accumulating since end of March after a major correction.
First target: $50
Second: $63
Stop: $37
VIAC preparing to break symmetric triangle, bullishVIAC is sitting on strong support and prepare to break the symmetrical triangle.
With strong PE of 9-10 compare to industry, most likely will breakout and fly high
