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Paramount Global
Long
Updated

Dead-cat Bounce to $42 Possible Soon (Descending Wedge)

182
Positive/bullish divergences on several indicators (CCI/RSI/MoneyFlow) & Short Interest of 15%
Volume drying up.
= Shorty Getting Squeezed Soon
P/E of 10 = Value play.


snapshot



Opinion Only
Trade active
The longer it bull flags here under resistance I like it for a powerful breakout to the upside.

snapshot
Trade closed: stop reached
I have no doubt in my mind that it goes to that $37 level to fill that open gap.

Coincides with the 50week MA as well.
StockPickingEnthusiast
Chart PatternsTechnical IndicatorsIWMSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend AnalysisValueVIAC

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsTechnical IndicatorsIWMSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend AnalysisValueVIAC
StockPickingEnthusiast

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.