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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.