VIAC (weekly)Watch the trend line for a possible short swing.
21% short float; short squeeze is in effect.
Profit target of $70 would be ideal.
PARAA trade ideas
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
VIAC Going Down!!This thing ran up all through the tech correction for the last few weeks.
I believe this stock is highly overvalued.
The announcement of the shares offering yesterday is going to set off the implosion in this thing.
I have 2- 1/22 57.50 P
VIAC Going Down!This thing ran all during the QQQ pullback. I think it’s highly overvalued and ready for correction.
Yesterday’s announcement of a huge shares offering is going to set off the implosion.
I have 2- 1/22 57.50 P
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."
Repeat the past in the futureThe candle of this week could be the evening doji star. It has a good opportunity on the short position.
VIAC - Overbought - Correction ahead: PT: $25RSI indicator showing that VIACOMCBS INC is overbought. A pullback to $25- $26 is very likely.
For educational purposes only.
VIACOMCurrently in a parabolic move.
I suspect this takes a breather before breaching 100, back to retest the previous highs around 70, then up to 140-150+
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.
$VIAC ViacomCBS entering price mode📈Not financial advice. Viacom pushing towards major trendline. Will likely take a dip to previous ATH to retest.
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.
VIAC recovery VIAC is one undervalued with strong fundamentals , it has been recovering very well from COVID effect and still long way back to levels prior to pandemic
$VIAC mass media pumpVIAC is looking good for a short term run, maybe longer, but Ill be out be end of the week. 10 EMA cross and strong momentum.s looking good for a short term run, maybe longer, but Ill be out be end of the week. 10 EMA cross and strong momentum. Today's gain was nice
Fresh out of consolidation!Short term targets: 31.50- 34.60- 41
(Some people like messy charts, I don't!)
ViacomI'm looking for a move up due to the anticipated move down. However, I'm bullish once there's a B.A.R. of the $49 - $53 levels. We shall see...
VIAC inverse H&S patternViacom CBS has been trading at an extremely attractive P/E ratio for a while now and it appears to be poised for a breakout. The deep-red line is the line in the sand. I see an inverse head-and-shoulder pattern indicating a bullish breakout could be in the works. Great long-term hold and has a surprisingly impressive streaming business. I don't expect a huge spike in one day, but I expect it to be a slow and steady upward trend as the rotation from growth and richly-valued stocks continue into the stocks that have still not had their day in the sun. The current P/E ratio is about 8x; on average 17x is considered normal. That's an easy double overtime in my opinion.
RSI indicated overbought, resistance zone and Dave Chappelle Dave Chappelle declared war on VIAC via his Instagram regarding Dave Chappelle's Show. Competition such as Netflix and Disney will eat HBO alive.
