Paramount Globalלונג
VIAC - Cup & Handle? (of sorts)
VIAC hit a high of 28.50 on 8th June before languishing in a severe and protracted pullback.
On 30 July it finally rose above 25.60 after forming what resembled a mini cup & handle ("resembled" as it did not fit all the criteria for a C&H, namely, a prior uptrend). However, it now appears to be forming the "real" C&H (at least the cup, we do not know yet if a handle will form) with the rim top @ 28.50.
Eventually should it rise above 28.50 (with or without a "handle" formation), then I am expecting it to hit a target of at least 35 (C&H target).
Let's see if it plays out!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
On 30 July it finally rose above 25.60 after forming what resembled a mini cup & handle ("resembled" as it did not fit all the criteria for a C&H, namely, a prior uptrend). However, it now appears to be forming the "real" C&H (at least the cup, we do not know yet if a handle will form) with the rim top @ 28.50.
Eventually should it rise above 28.50 (with or without a "handle" formation), then I am expecting it to hit a target of at least 35 (C&H target).
Let's see if it plays out!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.