VantageMarkets

PANW rallies continue to be capped.

Short
NASDAQ:PANW   Palo Alto Networks, Inc.
Palo Alto Networks - 30d expiry - We look to Sell at 177.77 (stop at 184.04)

Levels above 178 continue to attract sellers.
179 has been pivotal.
The previous swing high is located at 178.97.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Resistance could prove difficult to breakdown.

Our profit targets will be 162.11 and 160.11

Resistance: 171.50 / 175.00 / 179.00
Support: 167.81 / 166.00 / 160.00

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