PANW may defy the odds. While other stocks are pulling back, PANW may find support at the 200 Day EMA blue line. Also there is a gap in price above the current price. Plus Nancy Pelosi has over $500,000 in this play. You know how she keeps winning. Does she know something we don't? Leap Options may be in order.
I been waiting a long time to start a position in this one.
Not very many megacaps end up on my list. I scan for fundamentals then look at TA for entries. The numbers really set this one apart.
ROE +89.52%
EPS Diluted Growth QoQ +780.12%
EPS Diluted Growth Quarterly YoY +1824.54%
EPS Diluted Growth TTM YoY +8305.52%
Revenue Growth QoQ +22.28%
Revenue Growth...
There was some hype about this stock after the news of Nancy Pelosi getting in on the action in the options market after the infamous slam dunk on the NVDIA stock, so I decided to russell up a little exotic background for the future that might come. As you can see I don't envision a highly bullish path for this one on the longer run, it could get bumpy, but this...
NASDAQ:PANW This cybersecurity leader got beat-up on the last earnings report. It looks to me that it may have bottomed out. On this weekly chart (the week is still young) it is in the process of setting up as an inside week. It is regaining the 40 Week MA which I view as important. Additionally, the volume has been declining since the big sell-off. I take that...
PANW has traded in a boring range since I last posted my original idea (linked below). Here are the dynamics that have unfolded, and my forecast from here:
- The main factor we need to determine is if the recent consolidation is accumulation or re-distribution (I'm leaning toward re-distribution with a UTAD upcoming - meaning one more pop before major drop).
-...
In summary, if you are in (or considering buying) shares, this is Mid-term bearish. I would highly recommend against entering or adding shares here. You will likely have a better chance to exit/sell in the 330s around March 11-12th.
For those playing options, I can share my strategy - you'll have to be nimble to swing this for profits, but very do-able since I...
NASDAQ:PANW With the potential head and shoulder formation, I don't think I like the chart setup to go long at current level.
A full measured move for the H&S breakdown is $185 area with $256 and $227 areas being a potential reversal area.
Remember, the H&S only validate only if it breaks below the neckline.
👀ing for now.
With Cybersecurity becoming a growing concern for the USA and companiesaround the world this sector has much more room for growth... With the big drop in PANW price after earning this stock is setting up for a nice bullish reversial, Im thinking in short term will will see price rise back above $300 and to $315+. Nancy Pelosi has also bought calls on this stock...
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...
Broke out from a rising channel a while ago and formed a new one as seen on the chart. Price currently touching a support zone. Preferable entry would be at the 23.60% retracement area. Targets at $380 and $402.
Everyone wants to pile in the news of Nancy P buying calls, but why not let things settle down first? I'd feel a lot better buying around the green then buying now at resistance.
NASDAQ:PANW Good short opportunity on this stock. Breakdown on earnings rallied to $330 and now breaking down again after stock didn't go above 21day ema. Short stock with stop loss above $337
Brought some more PANW. Price has dropped a bit since the initial 5th Wave piviot was identified. This is also a Pelosi buy. The US representative from California filled > MIL:1M in the cyber security stock in Feb. She buys because she knows things... lets see what happens here. I'm initially targeting 378 but will probably go further
Looking to long PANW - will swing over the weekend if I need to.
We've got plenty of taps at the top of the current box and a decent amount of empty space to go grab and squeeze out shorts.
After jumping from the 200MA, we can see that it jumped nicely from the 100MA. I would wait for anther candle of conformation and go long until it filles the gap.
On 2/20/2024, Palo Alto Networks (PANW) reported earnings of $1.52 per share on revenue of $1.98 billion for the fiscal second quarter ended January 2024. The consensus earnings estimate was $1.30 per share on revenue of $1.97 billion.
Looking for a gap fill up to the $360 level after being sold off heavily from those taking profit after its run up from the mid 100s.
Holding a very long January 2025, 540 call option anticipating continued growth of cyber-security companies now that AI is gaining steam.
PANW will fill the gap, continue up in near future than retrace back to retracement from previous high 50% and 0.612 area stock price between 250-270 area
