Current Setup
PARA has recently cleared weekly resistance around $6.60, with the latest candle closing just above that level.
This breakout comes from a multi-year consolidation range between ~$3.75 (lows) and ~$11 (prior highs).
On the weekly chart, price action shows strong momentum and a clean break above the consolidation ceiling.
Fundamental Context
In July 2024, Skydance Media agreed to merge with Paramount Global in an $8 billion deal, aiming to form "Paramount Skydance" by 2025
Paramount recently announced a ~$500 million cost-cutting program, including 2,000 job cuts and a $6 billion write-down. Analysts noted the market reacted positively, with the stock rising ~5%
.
The potential Skydance merger is seen as a strategic move to streamline operations, focus on streaming, and alleviate Paramount’s ~$14 billion debt
en.wikipedia.org
Technical Triggers
Weekly Breakout – Close above $6.60 confirms breakout from long-term range.
Retest Opportunity – Pullback towards $6.60–$6.86 may offer an entry point for trend continuation.
Higher High Potential – Weekly structure aims next at the ~$11 target zone (prior range ceiling).
Suggested Trading Plan (Weekly Setup)
Action Entry TP1 TP2 Stop-Loss
Breakout Trade ~$6.60 after retest wicks $9–11 Open for bigger trend Below $6.10 or weekly close under resistance
Position sizing: Risk ~1–2% of your portfolio per trade.
Confirmation: Look for bullish weekly close and no major breakdown in fundamentals/news.
Why This Could Work
Clears key resistance and confirms trend shift.
Corporate cost-cutting + Skydance merger strengthens future outlook.
Market sentiment turning positive—key catalyst moving from restructuring to growth.
Bottom line: PARA breaking out from a 2-year range, now supported by cost reductions and a strategic merger, shows strong technical and fundamental alignment. Feed momentum with confirmed weekly closes, retest entries, and manage risk prudently.
PARA has recently cleared weekly resistance around $6.60, with the latest candle closing just above that level.
This breakout comes from a multi-year consolidation range between ~$3.75 (lows) and ~$11 (prior highs).
On the weekly chart, price action shows strong momentum and a clean break above the consolidation ceiling.
Fundamental Context
In July 2024, Skydance Media agreed to merge with Paramount Global in an $8 billion deal, aiming to form "Paramount Skydance" by 2025
Paramount recently announced a ~$500 million cost-cutting program, including 2,000 job cuts and a $6 billion write-down. Analysts noted the market reacted positively, with the stock rising ~5%
.
The potential Skydance merger is seen as a strategic move to streamline operations, focus on streaming, and alleviate Paramount’s ~$14 billion debt
en.wikipedia.org
Technical Triggers
Weekly Breakout – Close above $6.60 confirms breakout from long-term range.
Retest Opportunity – Pullback towards $6.60–$6.86 may offer an entry point for trend continuation.
Higher High Potential – Weekly structure aims next at the ~$11 target zone (prior range ceiling).
Suggested Trading Plan (Weekly Setup)
Action Entry TP1 TP2 Stop-Loss
Breakout Trade ~$6.60 after retest wicks $9–11 Open for bigger trend Below $6.10 or weekly close under resistance
Position sizing: Risk ~1–2% of your portfolio per trade.
Confirmation: Look for bullish weekly close and no major breakdown in fundamentals/news.
Why This Could Work
Clears key resistance and confirms trend shift.
Corporate cost-cutting + Skydance merger strengthens future outlook.
Market sentiment turning positive—key catalyst moving from restructuring to growth.
Bottom line: PARA breaking out from a 2-year range, now supported by cost reductions and a strategic merger, shows strong technical and fundamental alignment. Feed momentum with confirmed weekly closes, retest entries, and manage risk prudently.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.