A weekly chart of PAAS. Given the large market drop it might be a good idea to look at the longer term. Look at the forest, not the trees.
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Chart courtesy of StockCharts.com. http://stockcharts.com/The moving average lengths are 6 - 12 - 18.
The 6 period is a close match to the 18 day on the daily charts and the 12 period is a close match to the 54 period on the daily. The 18 period weekly is for added perspective.
The channel, box pattern and break-out seen on the daily chart shows up here as well. It now a question of a potential test of the the box top or the 6 period moving average. This is not a recommendation to buy or sell this stock. Due diligence is your responsibility. Find a professional if you need professional investment advice.
As I scroll through the stocks generated by the Alert signal I am cautious. Many have moved up to or bumped into the 54 period moving average. Rome was not built in a day and many of these stocks probably need more time to build. My expectation is to see them bump into and then move down from the 54 period moving average. If they develop a friendly chart look after bumping down, then great. This friendly look would be a positive test of the daily 18 day moving average. I consider this example of PAAS as a chart that is starting to look friendlier. Will have to wait and see what happens. Tomorrow is promised to no man.
Thank you for your time.
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