PARA trade ideas
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
Time to YOLO on some $40.00 CallsVery strong level here needs to hold 39.69 the 200day MA.
This looks like a re-test.
VIAC! Thanks you we are all aware of the hedge fund that was very over leveraged into viacom, cough cough archegos, lol. Well where else an you find a long lasting company, that has actual value like this. Paramount is the entertainment business which is growing as fast as the tech sector in my eyes & may possibly perform just like it or even better because of the pandemic still weighs down on the department that they rely on the most.
The New York-based company operates through three segments: TV Entertainment (42.4% of 2020 revenues), Cable Networks (49.9%) and Filmed Entertainment (10.1%).
from a technical pov, 40 is a good support level and seems to be a massive demand zone. with no real resistance or price action until around $85.
VIAC - A good longterm option at these ATHs - Yields 2.36%Bounce here off of the 200day MA to 45-52 is likely IMO.
Opinion only.
Viacom-CBS - Critical Support Level is NOWWhether you are holding NASDAQ:VIAC because it is a good value now in today's over-priced market or planning to catch a bounce in the stock, (now) is the time to pay attention because the stock appears to be at a critical support level. The next support level below it looks deep on this particular chart.
This is common-sense advice, as I am not a professional investment adviser but a user who has found the TradingView platform and members' posts worthwhile.
Strong Support Area between 35$ and 40$ Fundamentals:
2 main reasons VIAC dropped so badly. 1) 5% Stocks dilutions (30M Stocks at 85$ and Viaconcbs raised almost 2.6B$ ) 2) Hedge funds Margin Call.
5% dilution could see a 10% drop in the stocks, not more, considering that the company raised some good cash to invest in the business. Let's say 9$ drops from 85$ = 76$ (Fair value after dilution if Viacom is going to burn the cash they raised with a bad investment) .
The people that say that there is not enough space to grow in that market are the same analysts that consider Netflix "undervalued" at 240B$ market value, vs 26B$ Viacomcbs Market value and with the same income, operating margins and revenue than Viacomcbs. So, if there is enough margin of growth for Netflix(considering its huge valuation) I guess there is even much more room for Viacomcbs.
T.A.
Considering the Huge drop in the stock price we should consider deeper supports and higher resistances.
I can see a strong support area between 35$ and 40$. 35$ also means an 8% Dividend Yield. I, personally, started a small entry at 42$, not because it was a strong support area but because I see it as a good investment and the actual price level is just because of the huge speculation at this moment and in these situations, sometimes, Supports and Resistances levels can be meaningless. . In fact, the strong support area at 50$ was broken without even trying to test it again.
Next Buy points: around 40$ then around 37$ and then double down around 35$. I doubt we won't see a strong rebound from that level but in the worst case I'll keep the stocks and I'll get a good dividend.
Enjoy the Week-End.
If VIAC were gonna bounce, here's where it would do itVIAC is retesting the bottom of its Archegos Capital-related plunge a couple weeks ago. If this support holds, we should see a bounce. I've not extensively analyzed the fundamentals on this stock, but just eyeballing it, it looks fairly valued to me. Just in it for a quick swing trade, I think.
Bearish pennant on $viac broken lowerWe are now at newer lows and challenging the 200 dma on the daily chart (39.43). Surprising no love for my prior charts (not) everyone seems to be uber bullish. Either way make your own trades and good luck.
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 Inc - Long Opportunity Buy at $40 - stop loss at $38Fundamental Point of View:
ViacomCBS has recently featured heavily in the news due to it's $3bn stock offering, resulting in a large sell off which has had a role to play in the misfortunes of some hedge funds. Ignoring the misfortunes of Archegos Capital Management, ViacomCBS successfully raised $2.65bn at $85 a share. ViacomCBS now has a significant opportunity to pursue it's aggressive strategy to compete with the likes of Netflix and Prime.
Technical Point of View:
I've labelled levels of strong support and resistance on the chart and what becomes apparent is that the sell off witnessed over the last couple of weeks has stalled at a very significant level. This level is where strong, historical, horizontal support intersects the corona recovery line of support. This presents the perfect risk vs reward opportunity of a bounce back up to prior resistance. The three price targets highlighted are recent areas of support that were broken and are now acting as resistance. Price target two lines up perfectly with the Fibonacci retracement level of 0.5,therefore if a bounce occurs i am looking to take profits at this level.
Buy in the range of $40 - $41 with a tight stop loss at $38.
At present i am not in this stock but have entered a buy order at $41.
VIACAs long as $40.75 holds, you go long (for a bounce only, as it is assumed that this is now in a downtrend until proven innocent) when the 20 sma crosses the 50 sma. You're welcome.
is VIAC close to bottom ?I think the support line close to the red line. I am the beginner for trading. please give me some idea. Thanks.
VIAC - Beat the Rush with Low Risk Swing CallsPlease review chart details to see how the 30m and daily charts are setting up nicely together for a swing call trade. Dashed lines mark upside targets. The price drop was unpredictable, and so is the amount of buying that may ensue. The stops indicated are based on time of posting. If price closes over 44.75 today then there is a bullish engulfing on the daily chart as well.
A short term swing trade for this week (16 Apr expiry) would see daily RSI moving up to 50, and price maybe to 48 or 55. I would expect a pull back then, and will keep this on watch if price may move higher. Options are inexpensive and now is also a good time to buy May expiry 50 strike.
VIAC - Touching Long Term Bottom, Ready for Reversal? Gaps fill! I am not a financial advisor and you should perform your own due diligence. I am not responsible for any gains or losses you may incur by reading my charts or analyses. I have a position in this stock. $VIAC
Bearish pennant forming on $viac updated 04-08Updated from the last two days. Lines haven't moved and needs to recover or else..... good luck and make your own trades
Bearish pennant forming on $viac updatedUpdated from yesterday... Almost broke out but fell back in today. Volume really dried up end of day, today. Good luck and make your own trades.
viacom value investing target pricein the video I share my target price for viacom according to my value investing analysis of the company for a full study of the company please check the you tube channel "simply investing . cloud" the full video ill be published this week
VIAC BREAKING OUT, AFTER A HUGE SELL OFF!1. Price opened at and went up Above Hull 8
2. EIT_LB colored bar is GREEN
3. MACD signals reversal to UP
4. Price is exactly at Fast MA’s VWMA 4, and TWAP 4
5. Price is ABOVE Green Trendlines
6. Broke out above green TRIANGLE
VIAC ANALYSISDaily chart. Looks like a reversal to the up trend coming up in the daily time frame. Let's see if it will break out of its first resistance shown in red.
Bearish pennant forming on $viacI believe we are likely in some consolidation before the next leg down. This could easily make it to the twenties before any support stops it. Make your own trades and good luck!
VIACSHORT-TERM: Falling wedge with 4hr MACD waning and hidden bullish divergence on the daily developing, also bullish engulfing candle. (not financial advice)
Let me know when it’s at 11 bucks And I will rebuy. In the meantime I am unloading a few million this week to drive it down more and thanks in advance to the clowns who will buy my shares.
