C1BS34 trade ideas
George Soros play with Bill Hwang stocks!This post is just for people to know what is going on between big players!
No recommendation to buy or sell:
According to Bussiness standard:
Soros Fund Management bought $194 million of ViacomCBS Inc., Baidu Inc. stock valued at $77 million, as well $46 million of Vipshop Holdings Ltd. and $34 million of Tencent Music Entertainment Group during the first quarter, according to a regulatory filing released Friday. A person familiar with the fund’s trading said the company didn’t hold the shares prior to Archegos’s implosion.
reference:
www.business-standard.com
The Curve -watch as Price bounces to set up for a bullish moveThe Curve is a visual representation of Wyckoff method although not designed with Wyckoff in mind it was made over a 9 month period of watching the market and making a ruleset that supports everything I saw in the market. There are 5 stages. Each stage bounces from Bollinger band top to bottom. Except stage 4 which is a continuation of 3 at the midpoint of a curve....usually in Re-accumulation. Price action will hug the upper bb a few candles before dropping to hit the bottom Bollinger Band for stage 5, also called The Spring/Launch. This then goes for a New high if retail is cooperating. it is also the lowest volume part of the curve. In this chart you can see institutional buying setting up to make a very bullish run as it fullfills each stage in just about 5 candles. Why else would it do this if not to full fill each stage and be on stage 5 going to stage 1 for the new high. Of course each stage breaks down into something else in wyckoff method. Which is usually:
1. Buyers Climax
2. Major sign of weakness
3/4. Into Up Thrust After Distribution
5. to Spring or final dip into liquidity
Finally back into
1. Which is the free ride up to create a new higher high.
All my ideas have the Curve represented or are part of the the analysis regardless if stated or not. It is the fundamental basis of how I trade.
As I never looked at any other teachings until 2 months ago when I found wyckoff as I was curious as to what the logical explanation of what I saw was.
Thank you.
if you like ideas like this or want to see more of these please comment below, like, subscribe, and share. As its the only way I can tell if you are actually into this or not.
by iCantw84it
06.08.2021
VIAC trend using 15-min time-lineIntra-day chart utilizing TMO and Slow Heiken Ashi indicators. No predictions, no targets, simply follow the trend.
$VIACA ViacomCBS. Return to normal uptrend.After a brief stint at +$100 levels, this one has returned back to the uptrend line. The heavy sell off was after a once off event where the bankrupt Archegos Capital Management hedge fund was a forced seller. Online streaming services are out for the hunt and after the news broke of Amazon's buyout of MGM, content providers like Viacom CBS could become targets for these online streaming monsters in future. George Soros also became interested in buying up Viacom CBS shares at current levels. In a rich market, once off events like these create opportunities.
I have a position at $45
VIAC trading over VPOCI have been accumulating shares of VIAC around $38, $39 and $40. It is currently trading above POC on the Daily, 4hr, 1hr etc. It still has some work to do before we could see a huge upside push. One price gets over $48, it could move upwards easily. You can see there has been a lot of accumulation in this $37 - $41 range. Long on VIAC. The fundamentals of the company have not changed since it was trading around $100. Overextend, yes it was, but the block liquidation that took place was because of large, overleveraged positions, not because it is crap company. As always, just my thoughts. Trade your way and protect your capital.
excellent bounce area for VIAC. we broke out of a raising channeNOW bouncing. Looking for a return to 42.25 maybe higher today
VIAC - no resistance until 60I like what the stock is doing here.
Bottomed, consolidated,climbing higher after earnings.
Cash flow is positive which is important in current market environment.
Long,
next resistance at 60
VIAC - Interesting point - Resting before climbing?Zoom out shows that it is at a critical point halfway
Viacom is not even remotely dead After having risen more than 700% in one year, the stock fell dramatically and has been fluctuating in the same range around $ 37-40 for some time. Appealing to the fact that it has respected the support, that it left a huge gap and that it maintains a good fundamental (in terms of growth, income, subscriptions and services), it could easily be another phase of accumulation before it rises again. The target I estimate is $50.
NASDAQ:VIAC
VIAC WAITThe nature of transient en.wikipedia.org(oscillation) that subsides convergently. But I would not enter into a deal as long as it is below MA200
PullBack FishingVIAC is in a Bollinger band squeeze as well as a small triangle.. Price will break one way or the other as a rule.
Close to support
No recommendation
ViaC Double bottomNice double bottom on daily
Momentum rolling in
Looking to break outside of trend
Target 48.59
Reward > Risk for VIAC - 2:1 - Yields 2.5% - P/E = 9+ (Cheap)Great long-term prospects in the coming year. Assets alone worth more than market cap. Blended model of streaming and legacy tv/cable along with ad supported model which NFLX doesn't have.
Excellent long-term value at this level bc it serves as a bond paying 2.5% div yield along with above average growth prospects (more-so than NFLX and NFLX doesn't pay a dividend and isn't profitable).
Dividend yielding stocks are gaining traction as the market theme for 2021 as inflation increases and growth stocks falter. This is the best of both worlds IMO.
(Opinion Only)
