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FishinForThemWhales
Mar 4, 2024 11:57 PM

PANW bearish short-term, but Bullish Long-term? 

Palo Alto Networks, Inc.NASDAQ

Description

I am still undecided about this stock, it seems to be getting investors attention after Nancy bought call options and her last venture with NVDA, I am still bearish short term given the price action and gaps to the south side. I would not be comfortable buying till price lowers to about 270-275. There is also an ongoing fraud class action suit involving PANW. This could be what lowers the price presenting a buying opportunity. I am bullish long-term due to the rise and need of cyber security and the people need/want of more privacy online; I am using TA to perform this analysis, but will update weekly.

Comment

I believe that NASDAQ:PANW has found a bottom near term and will test 300-330 by June. we are reaching oversold territory with a bullphone/megaphone pattern.
Comments
gth723n
Hi - what indicator are you using on the right side? The light colored bars.
FishinForThemWhales
@gth723n dynamic support and resistance
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