chartsareforships

PANW - Cyber Security, One of the Best in Breed

Long
chartsareforships Updated   
NYSE:PANW   None
I’m watching Palo Alto networks for a breakout. My stop will be a close below the .618 fib, double bottom, and trend line support. This company is one of the best out there and like my other idea on $CYBR, the need for cyber security is NOT going away anytime soon.

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Comment:
We don't have a position yet. Still looking at the 199 - 202 area for a small position in anticipation of a higher price long term.
Comment:
Still waiting, patience is key. Might take a small position at 200 if it revisits it - gotta look at price action on a lower time frame.
Comment:
Price is getting even more compressed. Should see some action soon.

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