Below are the downside targets for ViacomCBS (VIAC) based on the work of Edson Gould.
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$48.33 (conservative target)
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$40.89 (mid-range target)
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$33.45 (extreme target)
Using the Speed Resistance Lines of Edson Gould is ideal since it is a relative scale for every stock no matter the price. Additionally, parabolic increases have been consistent in achieving the conservative target in the past (except in the case of Telsa).