PARAA trade ideas
Champions League & Political AdsCBS has 2 things going for its streaming services
Loads of new accounts for Champions League football/soccer
PlutoTV is selling the hell out of political ads and they had over 25million users for Pluto last count.
Whether or not this is good for the stock overall we shall see
I don't do fundamental analysis really and don't pretend to but just want to put this out there as something to consider going into VIAC CBS earnings next week or so
$PARA with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PARA after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 80%.
$PARA ~ Bottom appears to be in...Bottom appears to be in and we are starting our move on the upside. Warren sees something as compared to $WBD.
PARA 30 min / 1 Day bulla trading strategy that swing trades on 30 minute candles.
never catches the absolute bottom, but never catches a falling knife either.
strategy looks for a 1-day MACD that is above neutral and looks for 30-minute crossovers where the signal is above 0.
PARA bullusing a strategy to identify bullish entrypoints.
using the 30 minute macd to find short term crossovers and longer term macd to find bullish trends.
basically this is buy the dip during a bull run.
lovely bounce off our support zone :)PARA bouncing off this extreme support zone for the 4th time ?! chances are history repeats itself!
targeting 31.67-34.17-36.83 with stop loss at 27.18
PARA 3/10/22PARA
Perfect chart to see why you NEVER buy a parabolic move.
In Aug. ’20 price broke above the 200 ema and move sideways above it until Nov.’20 when broke out and up.
Price from here flagged all of Dec.’20 when it broke out of the flag jan.’21.
From there price made a parabolic move from 37.66 all the way up to 101.85 in Mar.’21
By Apr.’21 price crash all the way back down to 37.66.
Price found support at 37.66 and continued to move sideways under the 200 ema.
Price broke down from support Nov.’21 and fell all the way down to 28.12
Price pulled back and turned previous support of 37.66 into resistance. It has made several moves to this resistance level and rejected it.
Will enter trade short. Swing trade to 28.12
Entry: 32.67
Stop loss: 36.60
Target: 28.14- +13.87%, 1.25 RR ratio or will trade 10ema
Paramount HHThere is a new higher high but yet to be a higher low with continuation divergence.
there are more market risks than I like. Index's look ugly, tax season, it comes down to follow through price action at a historical inflection point. The white line must be broken and back tested as support to cause a change of character.
Under this market's selling pressure i think the probability is low or you could look at sideways movement until the money printer goes brr again.
Fundamental AnalysisI think that Paramount Global (former Viacomcbs) is one of the most hated stocks at this time,
Let's compare it to Netflix.
Revenue: PARA: 8B$ - NFLX: 7.7B$
Cash on hand: PARA: 6.3B$ - NFLX: 6B$
Long Term Debt: PARA: 17.7B$ - NFLX: 18B$
2 days ago PARA confirmed a 2B$ debt (due in 2024) redemption. That means they are going to save more than 90M$ per year (around 180M$ in total in 2 years)
Paramount subscribers increased by 9.3M - NFLX subscribers increased by 8.3M$
PARA business looks in a good expansion, NFLX expansion is decreasing.
So, why is NFLX, today market value around 10X PARA market value? It makes no sense, as most of this market.
Consider also that PARA has 3 types of business now. Linear TV (ads supported and free), ads supported streaming (cheaper), and no ads streaming (a bit more expensive) - NFLX has just the 100% no ads supported streaming
The ads supported TV can generate the money to support and push the streaming investments. This is something that Netflix cannot do.
So, at this time, PARA is a growth story with lower valuation parameters than Walmart or even Coke and Mc Donalds!
VIAC 1/6/2022VIAC - Went on a parabolic uptrend between Nov.2020 – March 2021. Price then came tumbling down finding support @ 37.65. Price also found resistance in 50ema. After much fight, buyers lost the battle and price broke down from support. Price has since pulled back to 50ema which has been acting as the dynamic resistance. This is my entry.
We also have a death cross signaling bear market.
Entry: 32.72
Stoploss: 35.09
Target: Trailing 50ema
$VIAC Handle PredictionIf a handle forms out of this cup, this is my guess to how it will form. This is not a definite just an assumption since the overbought signal is in play on the RSI I'm looking for the pullback as it sets up again. Earnings is also coming up in a few weeks and I'm thinking it will do well with the recent Comcast deal and the fact that the virus is giving people another reason to sit home and enjoy the tube! See the related post for more details.
NASDAQ:VIAC
$VIAC 🐂When this cup is finally finished playing out. The target for Viacom should be between $45-$47. Not sure where the handle comes in yet and I don't want to make any assumptions so we will wait on that. This is looking healthy despite the current market conditions in my opinion because with life being so hectic and the limit to outdoor activities... television may be some of our only fun for the next few months... again! Viacom also inked a multimillion dollar deal with Comcast to extended some of their channel services to the company including BET+.
NASDAQ:VIAC
Overbought on RSI, Look for Retest and Breakout to $40RSI Overbought on the 1D.
Should retest leading span B
Consolidate for another Breakout
Recapture $40 VPOC as leading spans A&B cross over to confirm bullish trend.
Macro analysis is looking good.
Keeping a tight stop if price falls back into cloud which will indicate failed breakout / volatility.
Checkout Ichimoku-Cloud edu series if you need help reading this indicator.
Not Financial Advice, My own trading journal.
Staying AliveI don't know about you, but I got the Saturday Night Fever for VIAC.
Since Archegos made its fatal misstep, VIAC has been under short pressure from the Shylock.
Tax harvesting has relieved some of that pressure from shorts.
Add market sentiment shifting to risk off appetite,
We will likely see a retro stock like VIAC back in fashion this year.
I'm not saying the dance will rise to 100 again, but an ascending triangle breakout might see the 40-50 range again by the end of jan.
ViacomCBS VIAC Currently Holding Support For A BounceVIAC is holding support here with multiple daily buy-back wicks and is showing early signs of a bounce from this level. Risk/Reward to first PT is 4.62. I drew this level months ago, and to be fair, it would also make sense to have additional buy orders slightly below the green buy zone.
Get ShortyI never heard about The Merchant of Venice before this morning, but the more I read about it, the more Intrigued I became.
The Merchant of Venice is a 16th-century play written by Shakespeare in which a merchant defaults on a loan provided by a Jewish moneylender, Shylock.
For the purpose of brevity I can't go through the play or all its characters in its entirety right now.
The main antagonist, a Shylock is a relentless and revengeful moneylender that embodies greediness and vengefulness.
One could easily mistake Prime Brokers as the Shylock of the Stock Markets, lending out Money through Total Return Swaps (TRS) then dumping massive blocks on the public without any thought of the long term implications of doing so.
Who do you think bought those large blocks of shares in March?
Short Sellers.
Any attempt to make the Prime Brokers held accountable was swept away in a recurring theme that goes back to such notable market bubbles (watch The Big Short) as 2008 and 2000.
I often wonder why nobody was held accountable for the mortgage collapse of 2008 because it seems obvious that it was the short interest played a pivotal role.
The DOJ has finally woke up, but I worry they are going down the wrong rabbit hole
www.reuters.com
Yes the Short Sellers should take some of the blame, but I ask you, are they really the ones responsible for the calamity over the past 2 years?
Is this a pivotal turning point for our black sheep $VIAC?
Back up the truck and buy!- The chart above is of Viacom's PE ratio
- Viacom is a quality company in its industry which is trading at a pretty good discount; especially given today's insanely over valued market.
- Besides a few months in 2019 where it traded in the mid single digit PE, it's never really been there for too long. It
- It also gives a 2.5% dividend yield as the cherry on top.
CONCLUSION : While the stock has been cheap from a fundamental perspective, and on my radar for a few months, technicals are finally saying its oversold with negligible downside left.
VIAC continues to declineNASDAQ:VIAC
VIAC is seven weeks red in a row, and looking for strong support.
Black SheepI only started learning Finance and Markets 9 months ago so please don't take any of my ramblings as financial advice.
I am a black sheep just like VIAC here.
I got into the markets because of GME but stayed because of VIAC.
The market is vastly more complex and ruthless than I ever imagined.
It really is a virtual playground for a lifetime gamer like me.
With multiplayer pvp (player vs player) games you have to protect every scrap of resources you can while trying to survive endless dangers.
That reminds me of an Ultima Online story.
One day while practicing in-game abilities around a protected vendor, a friend & I witnessed a player dropping a pile of gold on the ground, which was more money than either of us had to our name, the player then took a step and picked up the gold and tossed it forward another step, and repeated this gold walk all the way to the bank.
We stood there in shock at what we witnessed. The player returned from the bank, only 20-30 gold steps away from the storefront, and dropped another pile of gold then started the gold walk again.
We quickly realized he was overburdened by the weight of gold he was moving from the store to the bank and that he was selling something for more money than we could imagine. We had to ask him, whats with the gold walk, tell us your secret.
He was proud to stop, a pile of gold at his feet that was heavier than either of us could carry, and explain he was robbing the store with a glitch he had found.
A glitch you say, tell us more, we would like to understand it to use it to our advantage as well. The player did not hesitate to explain in the simplest terms to us what he was doing.
He would start with the most expensive item he owned and sell it to the npc (non-player-character) in a bag. The vendor would give him the gold for the item in the bag, but return the bag with the item as well.
Brilliant. So easy we were going to be rich instantly! We quickly learned the glitch and started selling the biggest ticket items we could, deeds for land. Soon we learned vendors only carried so much gold and had to reset everyday or only had the amount of gold they were given for sales.
As we built our fortunes, others noticed, and we also shared the secret glitch with amazed onlookers as we gold walked from vendors to banks through all the cities in the game.
Soon we had a server-wide liquidity crisis and we later learned the glitch had spread to all the vendors on all the servers.
You couldn’t sell anything to a vendor because they never had any money except after a reset.
Viac LongBeat up stock, Valuation & Fundamentals are good and good risk/reward setup here
Entry 36
PT 1 47.20
PT 2 59.50
$VIAC 7% Move to $44Easy scalp here. Loaded up on some shares at $38, target is $44. Not too late to get in.
VIAC Long2 flat quarters, all those short sellers stops are above the quarters highs, this day is looking bullish, if the impulse continues we might test september open and then quarter open causing short covering.
