$VIAC 7% Move to $44Easy scalp here. Loaded up on some shares at $38, target is $44. Not too late to get in.
Viacomcbs
ViacomCBS #VIAC Long Term BuyViacom CBS fundamentals are great, even tho ViacomCBS is really undervalued right now stretch stop loss due high volatility , so manage well your position size.
Trading Idea - #ViacomCBS "easy money"BUY -> Easy money!
ENTRY: 38.90 USD
TARGET: 43.67 USD (11% profit)
STOP: 37.19
1.) Viacom CBS was forced to sell its Chinese Tech-Stocks as well as the US Entertainment Industry Stocks!
2.) This resulted in a more than 60% crash!
3.) The bottoming seems to be finished and consolidated! There's only one way to go! Up!
VIAC lost the support of trend line. Heading down?Next support levels 36, 34. For now, close above the green dash line would negate downward move.
I see the left-wing of the butterfly!37$ could be the end of the 4th wave of Elliott.
butterfly harmonic pattern:
AB=0.78 XA=$37
BC=0.88 XA=$90
CD=1.6 BC=$20
Viacom-CBS - Critical Support Level is NOWWhether you are holding NASDAQ:VIAC because it is a good value now in today's over-priced market or planning to catch a bounce in the stock, (now) is the time to pay attention because the stock appears to be at a critical support level. The next support level below it looks deep on this particular chart.
This is common-sense advice, as I am not a professional investment adviser but a user who has found the TradingView platform and members' posts worthwhile.
VIAC is at trend line supportIf falls below 39.8 it can try to find support first at 36 next 34. Slightly bullish biased after such hard fall and little bit of bounce on Friday from the trend line. Depends on how it opens Monday. Too early to call for directional trade. Now waiting.. Close above 48 would be bullish.
ViacomCBS - LONG - Notable volume with PVSRA on the 200EMAI see great support with the notable volume on the 200/233EMA area.
Price will probably continue on the bullish trend despite Bill Hwang's actions.
My EP is $45.
DSCA and VIACOM recoveryAs we all know, Discovery and Viacom got crushed with the margin call that Archegos suffered past week. This fall has nothing to do with fundamentals or something that matters to the firms, is simply the fact that banks were forced to sell these stocks at discount. We can expect a quick recovery, perhaps not to the ATH, but a pretty decent recovery.
VIAC (weekly)Watch the trend line for a possible short swing.
21% short float; short squeeze is in effect.
Profit target of $70 would be ideal.
Viacom Inc waiting for a reversal On December 4, 2019, the merger of CBS Corporation and Viacom Inc. The combined company is renamed ViacomCBS .
VIAC has around 30 million subscribers worldwide and streaming revenue of $ 3.6 billion. It is expected to grow to $ 7 billion by 2024 at an average annual growth rate of 30%.
Over the year, the share price has risen by 800%, based on today's estimates, the company could lose half of its current investment value. Traders currently view VIAC as an endless growth stock, like TESLA in its day, and to a greater extent it is speculation. ViacomCBS's share price is illogical. This does not make sense in light of the company's own growth expectations and the state of the industry.
The higher the price, the more desirable the product becomes in the eyes of the buyer. Let's take away the greed and look at ViacomCBS stock from a technical analysis point of view. When the price reached $ 95-100, the volume of transactions increased significantly. I want to draw your attention to a sharp jump in the price from $ 86 to $ 102 on an increased volume , then a rollback. Such a structure tells us in most cases that there was an exit of large players who manipulated the movement.
Three deal options
The first option by trend:
Breakout of the $ 100 level and exit on a long hourly candle.
Second option against the trend:
Rebound from the $ 100 level, exit at $ 92
The third option is to retest the trend line .
I choose the third option
VIACOM IDEAViacom has been in an uptrend since March, and I think this week will test this uptrend. The trendline has grinded the 50 EMA over the previous two trading days, but did finish the week on a strong note.
I will be looking for the trendline to break ~28.57 as resistance, and looking for an entry point at ~29.10, with stop loss at 25.03.
If successful, I can see VIAC running up to 31.49 especially given earnings season. ViacomCBS has been one of the main broadcasters of NFL, and the public has been more intrigued than ever this season given the pandemic.
CHINA VIRUS - A BOOM FOR STREAMING SERVICES! PEOPLE STAYING HOMEWith the China Virus spreading throughout China, it's an absolute BOOM for streaming services.!
We feel these services should see a spike in usage and new members...
ROKU
NETFLIX
VIACOMCBS - ALL ACCESS (Symbol: VIAC)
APPLE+
COMCAST PEACOCK
More people staying home away from the public should be a BOOM for the services mentioned herein,
Our favorite is ViacomCBS - Trading at only 5x forward earning with new streaming services and sports betting rolling out in March
Best of the luck with all your trades!
DISCLAIMER
This website and our posts are for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this website and our posts has been researched and is thought to be reasonable and accurate, any investment is speculative in nature. StockKid, and/or our agents cannot and do not guarantee any rate of return or investment timeline based on the information presented herein.
By reading and reviewing the information contained in this website and our posts, the user acknowledges and agrees that StockKid, and/or our agents do not assume and hereby disclaim any liability to any party for any loss or damage caused by the use of the information contained herein, or errors or omissions in the information contained in this website or our posts, to make any investment decision, whether such errors or omissions result from
negligence, accident or any other cause.
Investors are required to conduct their own investigations, analysis, due diligence, draw their own conclusions, and make their own decisions. Any areas concerning taxes or specific legal or technical questions should be referred to lawyers, accountants, consultants, brokers, or other professionals licensed, qualified or authorized to render such advice.
In no event shall StockKid, and/or our agents be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this website, our posts or any information contained herein. StockKid, and/or our agents specifically disclaim any guarantees, including, but not limited to, stated or implied potential profits, rates of return, or investment timelines discussed or referred to herein.
