VIAC trend using 15-min time-lineIntra-day chart utilizing TMO and Slow Heiken Ashi indicators. No predictions, no targets, simply follow the trend.
0VV trade ideas
$VIACA ViacomCBS. Return to normal uptrend.After a brief stint at +$100 levels, this one has returned back to the uptrend line. The heavy sell off was after a once off event where the bankrupt Archegos Capital Management hedge fund was a forced seller. Online streaming services are out for the hunt and after the news broke of Amazon's buyout of MGM, content providers like Viacom CBS could become targets for these online streaming monsters in future. George Soros also became interested in buying up Viacom CBS shares at current levels. In a rich market, once off events like these create opportunities.
I have a position at $45
VIAC trading over VPOCI have been accumulating shares of VIAC around $38, $39 and $40. It is currently trading above POC on the Daily, 4hr, 1hr etc. It still has some work to do before we could see a huge upside push. One price gets over $48, it could move upwards easily. You can see there has been a lot of accumulation in this $37 - $41 range. Long on VIAC. The fundamentals of the company have not changed since it was trading around $100. Overextend, yes it was, but the block liquidation that took place was because of large, overleveraged positions, not because it is crap company. As always, just my thoughts. Trade your way and protect your capital.
excellent bounce area for VIAC. we broke out of a raising channeNOW bouncing. Looking for a return to 42.25 maybe higher today
VIAC - no resistance until 60I like what the stock is doing here.
Bottomed, consolidated,climbing higher after earnings.
Cash flow is positive which is important in current market environment.
Long,
next resistance at 60
VIAC - Interesting point - Resting before climbing?Zoom out shows that it is at a critical point halfway
Viacom is not even remotely dead After having risen more than 700% in one year, the stock fell dramatically and has been fluctuating in the same range around $ 37-40 for some time. Appealing to the fact that it has respected the support, that it left a huge gap and that it maintains a good fundamental (in terms of growth, income, subscriptions and services), it could easily be another phase of accumulation before it rises again. The target I estimate is $50.
NASDAQ:VIAC
VIAC WAITThe nature of transient en.wikipedia.org(oscillation) that subsides convergently. But I would not enter into a deal as long as it is below MA200
PullBack FishingVIAC is in a Bollinger band squeeze as well as a small triangle.. Price will break one way or the other as a rule.
Close to support
No recommendation
ViaC Double bottomNice double bottom on daily
Momentum rolling in
Looking to break outside of trend
Target 48.59
Reward > Risk for VIAC - 2:1 - Yields 2.5% - P/E = 9+ (Cheap)Great long-term prospects in the coming year. Assets alone worth more than market cap. Blended model of streaming and legacy tv/cable along with ad supported model which NFLX doesn't have.
Excellent long-term value at this level bc it serves as a bond paying 2.5% div yield along with above average growth prospects (more-so than NFLX and NFLX doesn't pay a dividend and isn't profitable).
Dividend yielding stocks are gaining traction as the market theme for 2021 as inflation increases and growth stocks falter. This is the best of both worlds IMO.
(Opinion Only)
$VIAC Eying 43$ 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.
