Capture the Flag

I used to think maybe you loved me
Now baby I'm sure
And I just can't wait for the day
That you knock on my door
--Katrina & The Waves

Pulling back the time horizon on PAAS indicates that the stock is completing a 'flag' or 'pennant' pattern. The technical, almost obvious, implication of this pattern is that it is likely to resolve one way or the other.

The rule of thumb is that direction of resolution favors the current trend, which for the past year and a half, has been up.

position in PAAS