PANW -24.15% had ugly earnings, it flushed from 150 to 115.
we have 2 resistance points, one at 114.5 and another on 112.39. so an avg on 113. stop on 109.90 and target on 123-130, or if you wait a few days maybe a bit more. the famous Dead Cat Bounce for tomorrow, don't marry it because of earnings it may continues downtrending.
its just just 2 to 1 r/r ratio but it might be a good day trade with a fast scalping you can made your day. don't marry it.
we have 2 resistance points, one at 114.5 and another on 112.39. so an avg on 113. stop on 109.90 and target on 123-130, or if you wait a few days maybe a bit more. the famous Dead Cat Bounce for tomorrow, don't marry it because of earnings it may continues downtrending.
its just just 2 to 1 r/r ratio but it might be a good day trade with a fast scalping you can made your day. don't marry it.
Trade active:
i am long PANW, first target 117.6.
Trade closed manually:
took some earnings at 117.5s but its been bouncing at the bottom, not really popping so i am out flat.