PARAA trade ideas
VIAC (NASDAQ) - Be Careful for bearishGreetings
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Pra Trading :
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position and do not do nothing if u see opportunity
- Evaluate and upgrade your trading plan
Execution Strategy :
- Know what you want to buy, see the Fundamental
- Decide that you are on investing or speculating
- Consider what your strategy based on Investing/Speculating
- Make Road Map Of Your Trading Plan
- Decide
a. Entry strategy
b. Cut loss
c. Target of Profit
Post Trading :
a. Do not be sad if you loss or do not be very happy if you win
b. Just become a normal without emotion, Do not put emotion into your trading
c. Evaluate your trading
d. Keep on Learning
e. Be Humble
Idea :
VIAC (NASDAQ) - Be Careful for bearish
If you do not believe in stop loss look at these charts!When we experience a high volatile market you should always protect your investment with stop loss, because price crash could be so quick that you may not have enough time to think and make decisions..!
IMO: Having tight stop loss and updating it, is a must in the current market situation.
This my last piece of advice for beginners, even pros!
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
Double top in VIACVIAC announced new shares will be issued diluting the current value of their already overvalued shares. A double top has formed on the chart. Correction ahead as there are multiple options for the underwriters to buy more shares after the initial offering, meaning the dilution could continue.
When a company sells its shares, it's essentially recognizing its share price is higher than it should be and they are taking advantage of it. Take profits and buy puts to take advantage on the investor end.
Bearish MACD cross appearing on the daily chart.
"The company is offering $2 billion of Class B common shares and $1 billion of a preferred stock that is convertible into the Class B common, ViacomCBS said Monday. The shares are the company’s nonvoting equity. The newly issued stock will start trading on March 24, Bloomberg News reported."
"Morgan Stanley and JPMorgan Chase & Co. are managing the offering. ViacomCBS granted them options to purchase up to $450 million in additional shares."
VIAC looking juicy for a short/putI don't own stock anymore, I, unfortunately, sold once it hit its fair value estimate of $57. If I owned stock I would either sell it or use some of it to sell calls against to take advantage of the inflated options premiums by collecting that weekly as it goes down.
As you can see the separation between the moving averages and the stock price has gotten into nose-bleed territories, the RSI looks grossly overbought for an extended period of time. This party has to come to an end. Not saying this will crash like the overcooked QS did but I would say if you don't have any exposure an in-the-money put option would be nice. ITM put options will have strikes above the current stock price and they have the trade-off of being more expensive but having a higher probability of profit without depending on a severe decline.
Looks to be overbought to an alarming level, look out below.
In Case You Were Curious What Overbought Looks LikeVIAC is overbought. Registering RSI 85+ today on three separate timeframes has qualified this to me as a clear shorting opportunity. This isn't a high multiple name in a sexy sector, either. This is a legacy media business trying to hack it in a crowded market. I'm long weekly lotto $80 puts (I'm basically NEVER this aggressive) and also short shares in the long term. If this trade drags on I'll find something to spread it with.
Cheers!
VIAC Potential Long-Term ShortVIAC (ViacomCBS, Inc.) appears to have a repeating pattern: Multiple times upon reaching it's all time high,
it has fallen back below the 61.8% fibonacci (Golden Pocket) level on the rising fibonacci channel.
Even more strange, it has done so within 212 days twice already.
A potential long-term short opportunity presents itself from the March/April 2021 time frame forward.
I currently have no position in VIAC, so this is just my unbiased opinion based on past performance.
Short squeeze mini series # 10What Is a Short Squeeze?
A short squeeze occurs when a stock or other
asset jumps sharply higher, forcing traders who
had bet that its price would fall, to buy it in
order to forestall even greater losses. Their
scramble to buy only adds to the upward
pressure on the stock's price
KEY TAKEAWAYS
*A short squeeze accelerates a stock's price rise
as short-sellers bail out to cut their losses.
*Contrarian investors try to anticipate a short
squeeze and buy stocks that demonstrate a
strong short interest.
*Both short-sellers and contrarians are making
risky moves. A wise investor has additional
reasons for shorting or buying that stock.
VIACOMCBS Plan DailyHello traders, VIACOMCBS is in a fake downtrend with a return of purchase volume made. By zooming in on the TIMEFRAME we see a doji with a fake return of sales volume executed, it is heading towards its last lowest. Make your trend reversal to go to the top of the bollinger to check it and move to the top of the range for another test. It is very plausible to breakout the price with the momentum then at the same time the zone to interfere on the next one and climb on the last preceding one higher. Including two adjustment (on TIMEFRAME H1) Before the test for the breakout of the range and we can see the key figure of 57.00.
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BUY $VIAC - 02.08.2021Stockonomy Weekly Pick 02.08.2021
$VIAC has been on a steady uptrend for weeks now and bullish volume has continued to increase compared to low relative volume on consolidation days.
A healthy pullback to EMA support and an oversold indication on the StochRSI indicates and excellent buying opportunity.
Consider any dip into the buy zone as a buying opportunity.
VIAC On WatchWatching VIAC for a break over the highs.
Just Had 50/200 cross on daily and has a gap to fill up above. Also looks like it just broke over a downtrend line. Building a really nice daily flag here as well.
Looking to go long out to December 40.00 calls at a close above the highs. Nice volume on them too.