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PANW

PANW Is this bank stock reversing or a correction?PANW as a stressed back stock has been trending down. However as seen with the regional banks at large ( KRE as an example ) the bear market had a bullish rally the past couple of trading days. So, is this a reversal to trade or merely a pullback of the trend down good for a short entry? On the 15 minute chart price has ascended to outside the Fibonacci bands (EMA 42 2.618 bands) where mean reversion may soon apply. The fisher transform lines are approaching the redline above where reversal is statistically likely. On the zero lag MACD, the lines have crossed and are about to cross the zero line. Overall, the chart suggests to be that PANW and perhaps the regional banks in general are merely taking a break from the trend down. I see this as an entry opportunity to join the continuation of the trend and will take a short position.
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by AwesomeAvani
1
PANW rallies continue to be capped.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 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:PANWShort
by Vantage
PANW - MyMI Option PlaysWe purchased CALLS for PANW going into yesterday's morning session around the $144 Price Levels as we noticed that PANW broke out of it's Longer-Term Downward Channel. After further analysis, we acknowledge the potential for $165-$168 while showing the potential momentum of breaking through the Expected Resistance around the $152-$153. We expect to hold this as long as the stock continues to hold the current Blue Trend and for risk management, we would close out our trade and take those profits to purchase our long-term hold in the stock as it is still 28% off of it's $213.63 ATH and some headroom to move forward to the upside. Will keep you guys updated and thanks for following us at MyMI!
NASDAQ:PANWLong
by MyMIWallet
PANW:Earnings surprise catalyst!Palo Alto Networks Short Term - We look to Buy at 533.54 (stop at 509.45) They reported better than expected earnings and share jumped in premarket. We are trading within a Bullish Ascending Triangle formation. Broken out of the triangle formation to the upside. Previous resistance at 531.00 now becomes support. Dip buying offers good risk/reward. Our profit targets will be 604.82 and 620.00 Resistance: 560.00 / 605.00 / 640.00 Support: 531.00 / 460.00 / 400.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’ ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:PANWLong
by Vantage
$BUG Good Cybersecurity BarometerIf you like the cyber security space, you can trade BUG or use it as a barometer as it's comprised of names such as PANW , CROWD ,ZS, etc. I like this fund because... it's cheap. PANW is trading at almost $600 , options aren't cheap (JUN 620c is 28.4 or $2,840 a contract). However if you wanted to go long on BUG JUN $32 calls they are trading at about 1.10 ($110) ! Technically, BUG has broken down from the upward channel and is currently trading below the weekly 30day moving average. Bullish Scenario : Price breaks back into the upward channel , in which case an idea would to be go long with an initial PT of $38 Bearish Scenario : Price rejects at the channel / 30day moving average and we see the next leg down with an initial PT of $25 Of course, with each scenario one could go short / long in one of the individual stock names for a higher R/R trade
NASDAQ:BUG
by FriscoTrades
PANW - Trend AnalysisPANW is downtrending since last Earnings. The ER results and the guidance were good but still the stock was beaten down most probably due to Profit taking. In an attempt to predict the bottom in this downtrend, i have drawn here 2 Fibonacci Levels. 1. Major Trend -- Fibonacci Retracement from March Lows upto August High, This shows 0.236 level at 239s and 0.382 level at 217s. 2. Minor Trend - Fibonacci Extension from July consolidation low at 221 upto August High at 275. This shows 0.618 level at 254 where the current price is sitting now. We need to wait and see if the drop is going to follow this Minor trend or the Major trend. -- Assuming it is going to follow the Major Trend, it can fall all the way to 239s which will confirm it follows the Major trend. It can bounce back from that level mostly. A drop further will put that into 217s (which is 0.382 level). -- If it appears to follow the Minor trend, then the drop levels are 254 / 247 / 241 / 233 / 220 Potential Support levels: Major Trend Drop Levels -- 239 / 217 / 200 Minor Trend Drop Levels -- 254 / 247 / 241 / 233 / 220 The support can be established at any of the above levels. And a bounce back of 20% above that level will provide a confirmation of Trend Reversal. So far, it looks like 240 may be the Support where it can potentially bounce back. Nevertheless, once the bottom is established, PANW is guaranteed to go back to 300+ especially considering a string of PT raises recently. So this looks like a good buying opportunity for both long term buy-and-hold and short term Swing Trading.
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by rakeshpaulhere
Cyber Security has become essential for all"Because of the rise of remote working, cyberattacks have grown exponentially in recent months, with the FBI reporting a 400% increase in complaints in April versus March, as attackers hope to expose weaknesses in an organization's business continuity strategy" Fundamental difference between some of the biggest cyber-security companies: CrowdStrike's (CRWD) endpoint protection uses resource-friendly security agents to inform its crowdsourced cloud about any potential threat anomalies. All customers are protected based on a single threat found, and its technology is supported by having renowned threat remediation and hunting capabilities. OKTA disrupted the identity access and management market with its cloud-based technology that has a large number of application integrations that make controlling who has access to what much simpler for security teams. In a perimeterless security world, the importance of identity is becoming paramount. Zscaler's (ZS) secure web gateways delivered via its cloud locations provide customers a safe route to cloudbased resources. Branch and remote users can go directly to their applications instead of going through a centralized data center, decreasing lag for the end user and alleviating traffic bottlenecks for IT teams. Palo Alto Networks (PANW) is an attractive option for investors. In our view, its cloud transition springboarding growth off its firewall leadership, upselling and cross-selling prospects via its security platform, and strong cash flow and balance sheet are being overlooked for the pure cloud-based companies.
NASDAQ:ZS
by dorfmanmaster
Palo Alto Networks - buying dip?FUNDAMENTAL PANW earnings guidance lagged its forecast, creating a 12% decline after hours. Palo Alto said that it has agreed to acquire Aporeto, a machine identity-based micro-segmentation firm, for $150 million in cash. The company said its earnings projections include net expenses related to the proposed acquisition. TECHNICAL Both the 50sma and 200sma are working as support after the earnings report took PANW 12% after hours. The 50sma is also looking to break the 200sma. Crossing of the 50sma over the 200sma could be a bullish confirmation of a healthy uptrend. Will enter position if we can stay above the SMA's and enter the channel, formed by the most recent gap. **Next short-term resistance area --> $228-$230.
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by dorfmanmaster