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Paramount Global
Short
Updated

Big potential drop within next 6 months

302
NFLX has already dropped from ATH of 6xx $ to 17x$. Paramount looks next. On charts we see a technical head and shoulder (HS) in play. The breakdown has started. Wait for confirmation by retouch on the neckline of the HS pattern before shorting (green flag). Any confirmed close above the neckline voids the HS pattern and this analysis. Target is Covid low of around 12$
Trade closed manually
The Head and Shoulders Pattern is voided.
shivam94_007
Head and ShouldersnetflixNFLXparaparamountstreamingSupply and DemandSupport and Resistance

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Head and ShouldersnetflixNFLXparaparamountstreamingSupply and DemandSupport and Resistance
shivam94_007

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.