How To Trade Viacomcbs Inc Class B VIAC

November 04, 2021, 18:45 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This report provides trading strategies for Viacomcbs Inc Class B (NASDAQ: VIAC) while incorporating risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for VIAC change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if VIAC is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for VIAC too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for VIAC

• Buy VIAC slightly over 35.40 target 47.84 stop loss @ 35.3 Details

The technical summary data tells us to buy VIAC near 35.40 with an upside target of 47.84. This data also tells us to set a stop loss @ 35.3 to protect against excessive loss in case the stock begins to move against the trade. 35.40 is the first level of support below 35.9 , and by rule, any test of support is a buy signal. In this case, support 35.40 would be being tested, so a buy signal would exist.

• Short VIAC under 47.84, target 35.40, stop loss @ 47.98 Details

The technical summary data is suggesting a short of VIAC as it gets near 47.84 with a downside target of 35.40. We should have a stop loss in place at 47.98though. 47.84 is the first level of resistance above 35.9, and by rule, any test of resistance is a short signal. In this case, if resistance 47.84 is being tested, so a short signal would exist.

Swing Trading Plans for VIAC

• Buy VIAC slightly over 37.15, target 47.84, Stop Loss @ 37.04 Details

If 37.15 begins to break higher, the technical summary data tells us to buy VIAC just slightly over 37.15, with an upside target of 47.84. The data also tells us to set a stop loss @ 37.04 in case the stock turns against the trade. 37.15 is the first level of resistance above 35.9, and by rule, any break above resistance is a buy signal. In this case, 37.15, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short VIAC near 37.15, target 35.58, Stop Loss @ 37.26. Details

The technical summary data is suggesting a short of VIAC if it tests 37.15 with a downside target of 35.58. We should have a stop loss in place at 37.26 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 37.15, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for VIAC

• Buy VIAC slightly over 36.69, target 37.15, Stop Loss @ 36.6 Details

If 36.69 begins to break higher, the technical summary data tells us to buy VIAC just slightly over 36.69, with an upside target of 37.15. The data also tells us to set a stop loss @ 36.6 in case the stock turns against the trade. 36.69 is the first level of resistance above 35.9, and by rule, any break above resistance is a buy signal. In this case, 36.69, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short VIAC near 36.69, target 35.58, Stop Loss @ 36.78. Details

The technical summary data is suggesting a short of VIAC if it tests 36.69 with a downside target of 35.58. We should have a stop loss in place at 36.78 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 36.69, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

VIAC Ratings for November 04:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	35.40
P2	36.69	35.58	47.84
P3	37.58	37.15	65.37

Support and Resistance Plot Chart for VIAC

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