Here's how to play the stock after a disappointing showing at the Golden Globes.
ViacomCBS offers solid upside potential with only modest downside risk based on the company's characteristics.
What risks lie ahead?
As we head into 2020, the technical picture is best described as something's gotta give.
My caution perhaps stems from what for the most part appears to be rampant success in 2019 that leaves a high bar for 2020.
The charts and indicators of the entertainment giant present a bullish case,
The online giant's stock may not make a new high, but a longer-term upside breakout is possible based on its technical signs.
Its shares look extended on a short-term basis, so traders should wait for a shallow dip or some sideways price action before returning to the long side.
We turn our attention, not in the least bit eagerly, but fully focused on what comes next.
The upside potential of the merged media giant is even greater than an initial working of the numbers suggested.