PARAA trade ideas
$VIAC Eying 43$ calls on a downtrend break w volumeSee chart for long set up, options idea so entry doe snot have to be perfect for me, we want to get over 618 on weekly
Ascending Triangle Breakout - BOOM Massive Short SqueezeAscending Triangle Breakout on 2hr chart in the context of a short squeeze above 42.60 - plz see prior post
Catalysts (from Reddit) www.reddit.com
1 Nomura Earnings 27 April
Nomura is the last of the big banks with Archegos exposure to report earnings. This will inform hedge funds that the risk of big banks unloading millions of VIAC shares is over. Hedge funds will be more willing to take a heavy long position on VIAC knowing that they won’t buy in right before a big dump of shares.
2 Discovery Earnings on 28 April
Discovery recently filed with the SEC to move their earnings forward a week. The most likely reason for this is the company beat guidance and management wants to defend the share price. This is bullish for VIAC for two reasons. First, it suggests there is significant growth within the streaming market. Second, Discovery has been trading with a high correlation with VIAC since the Archegos fallout, so good news from Discovery would portend well for VIAC’s share price.
3 Wash Sale Rule 30 Day Expiration
The wash sale rule allows you to take a tax loss on stock as long as you don’t buy back the same security for 30 days. Most of the Archegos sell off occurred in late March. Firms are now entering the the time where they can load back up shares, take a tax loss and still be long on stock. Because of the high price target many of the firms set for VIAC, they will want establish exposure to the stock before earnings on 6 May.
Bullish for Breakout on VIAC (Swing Trade)This is a stock that is down because of the Bill Hwang liquidation at the end of March. I am long ($41.62 avg) with a first price target of $52.30 and a second at $60.73.
Reasons why:
1) RSI is just above oversold levels (35).
2) It's holding the long term trendline from the bottom in March 2020 at $10.10.
3) It's holding the 200SMA and the 9EMA just caught up. It looks like its starting to curl up.
Negation:
If the 9EMA crosses under the 200SMA
If we lose the 200SMA.
To me, where we're at right now mean the risk to reward is very favorable.
Note that this stock has earnings on May 6th that may be our catalyst back up towards filling the gap at $90.30. But if we've ran up a bit leading up to earnings, take some profits to negate risk.
VIAC Long 1. Broke the downtrend
2. Over 200 ma.
3. MACD shows a cross (12 and 26 period) and a start of an uptrend.
4. The RSI is starting to make a move after a whole month of no movement.
I see a potential resistance at 48. If it breaks through that, it will surge further up.
Not financial advice! Do your own DD!
VIAC - Temper ExpectationsTemper your expectations. Trade what is given.
Today's squeeze is probably off of the back of NFLX if I had to guess. Near time upside ceiling IMO is $43.00 unless a stellar earnings report next month.
Downside pervails if crosses back below the 200day MA which now sits at the $40.00 level. Short below and long above is my plan. I think VIAC falls back under it though since this current level is around the top of the descending wedge. I don't expect it to breakout of it yet.
(Opinion Only)
VIAC: Technically Negative But Nearing SupportVIAC has been drilling pretty consistently. Momentum on the daily is still negative but is turning up and the stock is approaching a key resistance near the 37 USD level. I could see a possible bounce into earnings as shorts cover. Long term this stock still has a lot of proving to do.
VIAC the floor is inThe last of the block trades have been fired off. You can make a lot of money with contrarian trades; buying something everyone hates or buying when there's blood in the streets. There's plenty of VIAC's blood in the streets and I'm 99.99% positive there's none left to spill. Buying long-dated calls and stock tomorrow.
Appears to be bouncing off 200-day MA. VIAC has incredible value in its underlying assets. It trades at an EV/EBITDA of 2.5383. (any company with an EV/EBITDA under 10 is considered to signal that it is a financially healthy, well-run company).
Price to Earnings: 10x for VIAC vs 20x P/E ratio for DISCA
Price to Sales: 0.9618 for VIAC vs 2.3759 for DISCA
Significant value versus its peers.
$VIAC - Swing trade the falling wedge breakout up to gap fillIf the daily candle can close above the falling wedge pattern and continue to close above the EMAs, we should see a nice swing trade over the next few weeks to months until the gap is filled between 85 and 90.
Depending on the strength of the upcoming earnings, will determine how quickly this pans out.
Great trade setup
Massive Short SqueezeVIAC down from over $100 to less than $40 in a rapid decline, slow bleed for the last few weeks increased shorting.
Short Interest currently at over 100M shares on a float of 550M, solid company which got caught up in the forced liquidation of Archegos Capital positions.
Tightly packed Squeeze triggers above 20MA at 41.99,42.69,43.11,44.37,46.25,48.40,49.51.
Target $60 on Pop.
ViacomCBS VIAC Nice risk/reward. The selloff in ViacomCBS by Archegos is playing out with fundamentals unchanged. Hitting a nice risk/reward at these levels.
Trading Idea - VIAC - Catch the falling knives!!BUY
CAUTION!!! HIGHLY SPECULATIVE!!!
Target Order: 60.13 USD
Stop Order: 39.31 USD
Viacom CBS was forced to sell its Chinese Tech-Stocks as well as the US Entertainment Industry Stocks!
This resulted in a more than 50% crash! There may be the chance to chatch the falling knives!
High risk, high chances!
