When the Price of Viacomcbs Inc Class B VIAC Talks, People Listen

January 10, 2022, 21:30 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Viacomcbs Inc Class B (NASDAQ: VIAC) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for VIAC can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for VIAC

• Buy VIAC slightly over 32.14 target 43.85 stop loss @ 32.05 Details

The technical summary data tells us to buy VIAC near 32.14 with an upside target of 43.85. This data also tells us to set a stop loss @ 32.05 to protect against excessive loss in case the stock begins to move against the trade. 32.14 is the first level of support below 34.91 , and by rule, any test of support is a buy signal. In this case, support 32.14 is being tested, a buy signal would exist.

• Short VIAC under 43.85, target 32.14, stop loss @ 43.98 Details

The technical summary data is suggesting a short of VIAC as it gets near 43.85 with a downside target of 32.14. We should have a stop loss in place at 43.98though. 43.85 is the first level of resistance above 34.91, and by rule, any test of resistance is a short signal. In this case, if resistance 43.85 is being tested, a short signal would exist.

Swing Trading Plans for VIAC

• Buy VIAC slightly over 35.86, target 43.85, Stop Loss @ 35.76 Details

If 35.86 begins to break higher, the technical summary data tells us to buy VIAC just slightly over 35.86, with an upside target of 43.85. The data also tells us to set a stop loss @ 35.76 in case the stock turns against the trade. 35.86 is the first level of resistance above 34.91, and by rule, any break above resistance is a buy signal. In this case, 35.86, 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 35.86, target 33.99, Stop Loss @ 35.96. Details

The technical summary data is suggesting a short of VIAC if it tests 35.86 with a downside target of 33.99. We should have a stop loss in place at 35.96 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, 35.86, 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 35.86, target 36.25, Stop Loss @ 35.78 Details

If 35.86 begins to break higher, the technical summary data tells us to buy VIAC just slightly over 35.86, with an upside target of 36.25. The data also tells us to set a stop loss @ 35.78 in case the stock turns against the trade. 35.86 is the first level of resistance above 34.91, and by rule, any break above resistance is a buy signal. In this case, 35.86, 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 35.86, target 34.52, Stop Loss @ 35.94. Details

The technical summary data is suggesting a short of VIAC if it tests 35.86 with a downside target of 34.52. We should have a stop loss in place at 35.94 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, 35.86, 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 January 10:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Weak
P1	0	0	24.53
P2	34.52	33.99	32.14
P3	36.25	35.86	43.85

Support and Resistance Plot Chart for VIAC

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.