PARA appears to be preparing for a transition from stage 1 to stage 2. Since 2021, the stock has declined by over 90%. Throughout 2024, it has mostly traded sideways.
After nearly a year of price fluctuations around the Point of Control (POC), it now seems better positioned for an upward move.
Although volume support is still lacking, increasing demand suggests that a breakout to the upside could follow.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.