$PARA
Added 2023-11-29 15:32:16 +0000 UTCI have been watching $PARA for awhile as it was once a favourite of Buffetts and he bought it before the spike in early 2021 but since then, the price has been pulling back all the way to the Covid Low Line at $10.
It has bounced since approaching this line and this can be considered as a double bottom here.
$PARA will need to break out of this nearly 3 year channel to show real signs of reversing.
So a break above the 200 Day MA and the trend line at $16.40 is needed.
There is potential here to move a lot higher if this can be achieved.
