PARA: bounce play at pretty big support
Updated
PARA (Paramount)
Take the weekly chart, connect the lows since 2009 and you get a nice trend line.
Price seems to react to this area so the risk reward is quiet good here for a long swing trade.
The trend line is your support.
16 is your stop.
I'm targeting 19.40 and 20.71, then we reevaluate.
For those who want to invest for the long term, PARA offers a generous dividend.
Trade safe!
Take the weekly chart, connect the lows since 2009 and you get a nice trend line.
Price seems to react to this area so the risk reward is quiet good here for a long swing trade.
The trend line is your support.
16 is your stop.
I'm targeting 19.40 and 20.71, then we reevaluate.
For those who want to invest for the long term, PARA offers a generous dividend.
Trade safe!
Note
25% profit already if you bought on that support
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