Bullboard - Stock Discussion Forum Viacom Inc. VIAB

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Viacom is a global media company with several leading cable network properties, including Nickelodeon, MTV, BET, Comedy Central, VH1, CMT, and Paramount. Viacom has also built several online properties on the strength of these brands. Viacom's Paramount Pictures produces original motion pictures and owns a library of 2,500 films, including the Godfather and Transformers series. Viacom was spun... see more

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NDAQ:VIAB - Post Discussion

Viacom Inc. > Via selloff

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Post by carlos6 on Sep 15, 2005 9:40am

Via selloff

If you look at the chart, in Aug. you could say that it posted a dble top. & it went thru a previous high at around $6.90 yesterday, but on unimpressive volume (good thing). The next bottom on the chart is around $6.20($6.21 according to candles). Next support level is around $5.96. Candles show '3 BLACK CROWS' a highly reliable bearish signal. With good news this will reverse, but it will have to be on impressive volume this time! carlos

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