Paramount GlobalDiupdate VIAC - Temper Expectations
Temper your expectations. Trade what is given.
Today's squeeze is probably off of the back of NFLX if I had to guess. Near time upside ceiling IMO is $43.00 unless a stellar earnings report next month.
Downside pervails if crosses back below the 200day MA which now sits at the $40.00 level. Short below and long above is my plan. I think VIAC falls back under it though since this current level is around the top of the descending wedge. I don't expect it to breakout of it yet.
(Opinion Only)
Today's squeeze is probably off of the back of NFLX if I had to guess. Near time upside ceiling IMO is $43.00 unless a stellar earnings report next month.
Downside pervails if crosses back below the 200day MA which now sits at the $40.00 level. Short below and long above is my plan. I think VIAC falls back under it though since this current level is around the top of the descending wedge. I don't expect it to breakout of it yet.
(Opinion Only)
Catatan
Catatan
Paused right underneath $43 as expected. 
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.