Easy scalp here. Loaded up on some shares at $38, target is $44. Not too late to get in.
Viacom CBS fundamentals are great, even tho ViacomCBS is really undervalued right now stretch stop loss due high volatility , so manage well your position size.
BUY -> Easy money! ENTRY: 38.90 USD TARGET: 43.67 USD (11% profit) STOP: 37.19 1.) Viacom CBS was forced to sell its Chinese Tech-Stocks as well as the US Entertainment Industry Stocks! 2.) This resulted in a more than 60% crash! 3.) The bottoming seems to be finished and consolidated! There's only one way to go! Up!
Next support levels 36, 34. For now, close above the green dash line would negate downward move.
37$ 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
Whether 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...
If 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.
I 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.
As 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.
Watch the trend line for a possible short swing. 21% short float; short squeeze is in effect. Profit target of $70 would be ideal.
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,...
Viacom 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...
new jump up for this stocks what's your opinion?
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