Learn to Evaluate Viacomcbs Inc Class B (VIAC) using the Charts

December 12, 2021, 11:15 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Viacomcbs Inc Class B (NASDAQ: VIAC) report below can help you understand how to do this. The trading plans for VIAC, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for VIAC

• Buy VIAC slightly over 27.26 target 36.16 stop loss @ 27.18 Details

The technical summary data tells us to buy VIAC near 27.26 with an upside target of 36.16. This data also tells us to set a stop loss @ 27.18 to protect against excessive loss in case the stock begins to move against the trade. 27.26 is the first level of support below 31.22 , and by rule, any test of support is a buy signal. In this case, support 27.26 would be being tested, so a buy signal would exist.

• Short VIAC under 36.16, target 27.26, stop loss @ 36.26 Details

The technical summary data is suggesting a short of VIAC as it gets near 36.16 with a downside target of 27.26. We should have a stop loss in place at 36.26though. 36.16 is the first level of resistance above 31.22, and by rule, any test of resistance is a short signal. In this case, if resistance 36.16 is being tested, so a short signal would exist.

Swing Trading Plans for VIAC

• Buy VIAC slightly over 31.69, target 36.16, Stop Loss @ 31.6 Details

If 31.69 begins to break higher, the technical summary data tells us to buy VIAC just slightly over 31.69, with an upside target of 36.16. The data also tells us to set a stop loss @ 31.6 in case the stock turns against the trade. 31.69 is the first level of resistance above 31.22, and by rule, any break above resistance is a buy signal. In this case, 31.69, 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 31.69, target 29.64, Stop Loss @ 31.78. Details

The technical summary data is suggesting a short of VIAC if it tests 31.69 with a downside target of 29.64. We should have a stop loss in place at 31.78 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, 31.69, 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.

Day Trading Plans for VIAC

• Buy VIAC slightly over 31.69, target 31.98, Stop Loss @ 31.62 Details

If 31.69 begins to break higher, the technical summary data tells us to buy VIAC just slightly over 31.69, with an upside target of 31.98. The data also tells us to set a stop loss @ 31.62 in case the stock turns against the trade. 31.69 is the first level of resistance above 31.22, and by rule, any break above resistance is a buy signal. In this case, 31.69, 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 31.69, target 31.10, Stop Loss @ 31.76. Details

The technical summary data is suggesting a short of VIAC if it tests 31.69 with a downside target of 31.10. We should have a stop loss in place at 31.76 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, 31.69, 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 December 12:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Weak
P1	0	0	27.26
P2	31.10	29.64	36.16
P3	31.98	31.69	49.61

Support and Resistance Plot Chart for VIAC

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