PANW 550p 4/29 - 5/6 plot
mean reversion at vertex of daily triangle. a break below december highs (569) confirms a significant drop to retest 550-532-522-507.
200dma = 507
If Palo Alto is able to hold the top of the megaphone pattern, you can expect the next 3 targets on the chart. However with RSI overbought, it may still retrace to 556 an important Fib support before any more upside.
With so many geopolitical uncertainties ahead, cybersecurity will see much more upside in 2022.
Not trading advice
The PEAD projected a Bullish outlook for $PANW after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
Hello Team!
Here is a fresh look at what we believe to be a large & growing sector; Cyber Security. As more of us are becoming 100% Digital and Currencies such as the Chinese Yuan are going digital we can assume that current trends will continue to develop rapidly. This leaves everyone vulnerable to hacks, cyberattacks, and breaches.
We are looking at stock...
If that rip your face run up on the right side of the base should find buyers at these levels.
Stock put in a mini coil last 3 days.
$PANW Making it to my WL for next week as a pullback buy.
I'm liking how PANW looks for tomorrow. It solidly broke out of a long range earlier today and could have some firepower going into the day tomorrow. This could be great for day trading. Swingers might want to wait for a retest of support to enter, but that all depends on risk tolerance and overall strategies for each individual trader. In other words,...
Growth stocks just had one of their worst months in years. But one high-multiple software company has held its ground better than most: cybersecurity provider Palo Alto Networks.
Consider how stocks like Nvidia, Tesla and Microsoft crumbled under their 200-day simple moving averages (SMAs) at some point in January. Then notice how PANW remained firmly above that...
