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shivam94_007

Big potential drop within next 6 months

Short
Paramount Global (NASDAQ:PARA)  
shivam94_007 Updated   
NASDAQ:PARA   Paramount Global
Supply and Demand Support and Resistance Head and Shoulders NFLX netflix streaming para paramount
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supplyanddemand supportandresistance headandshoulders nflx netflix streaming para paramount
NFLX has already dropped from ATH of 6xx $ to 17x$. Paramount looks next. On charts we see a technical head and shoulder (HS) in play. The breakdown has started. Wait for confirmation by retouch on the neckline of the HS pattern before shorting (green flag). Any confirmed close above the neckline voids the HS pattern and this analysis. Target is Covid low of around 12$
Trade closed manually:
The Head and Shoulders Pattern is voided.
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