An extract from my research report for the week commencing 28/06.
ViacomCBS (43.82) | Low Risk, High Reward?
Forced Hedge Fund selling saw this stock drop from 100 (in March 2021) to a low of 37 (by April 2021). Turnaround on the cards? We note the price attempting to emerge from a base, while also having regained it’s pivot. In addition, the 14-day RSI is at the highest level since March with a print of 59 (not overbought) and pointing higher. I like the name for a bullish reversal, provided it remains above 42.90. The stop-loss is 39.75 while the upside targets are 47.00 to 49.50.
ViacomCBS (43.82) | Low Risk, High Reward?
Forced Hedge Fund selling saw this stock drop from 100 (in March 2021) to a low of 37 (by April 2021). Turnaround on the cards? We note the price attempting to emerge from a base, while also having regained it’s pivot. In addition, the 14-day RSI is at the highest level since March with a print of 59 (not overbought) and pointing higher. I like the name for a bullish reversal, provided it remains above 42.90. The stop-loss is 39.75 while the upside targets are 47.00 to 49.50.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.