After a brief stint at +$100 levels, this one has returned back to the uptrend line. The heavy sell off was after a once off event where the bankrupt Archegos Capital Management hedge fund was a forced seller. Online streaming services are out for the hunt and after the news broke of Amazon's buyout of MGM, content providers like Viacom CBS could become targets for these online streaming monsters in future. George Soros also became interested in buying up Viacom CBS shares at current levels. In a rich market, once off events like these create opportunities.
I have a position at $45
I have a position at $45