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AtulGoswami
Mar 5, 2023 5:39 AM

Sell signal in Palo Alto  Short

Palo Alto Networks, Inc.NASDAQ

Description



Sell signal in Palo Alto , shorting it for a month should give over 15% on the downside
Comments
ngmartin02
Does today's move change your view? Plus with a potential pause on the table for interest rates?
Thinking it could be trading north of $190
AtulGoswami
@ngmartin02, Temporarily it can trading in 190 range, but should finally come down. I suggested shorting when it was around 191, and came down to around 180 levels within few days, that was 5% gain already. if it closes beyond 192-3 , i'll short again.
ngmartin02
@AtulGoswami, thanks for your insight. Just curious
WSB-Tendies
What signal are you using
AtulGoswami
@WSB-Tendies, It is an in-house developed indicator based on time cycles.
Dr_JJA
I was thinking the same thing just worried the market may bounce next week. 👍
AtulGoswami
@Dr_JJA, i also think it will, but after 15th till 30th April, market should take deeper dive on the levels.
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