PANW has turned positive and is still lagging behind its peer 
CRWD as CRWD has made new high in recent days. Furthermore, PANW has close above the key resistance turned support and closed above the bearish gap on 21 May 2025. Momentum wise, the stock is on the rise, with the exception of the 23-period ROC which saw slight decline BUT remain elevated above the zero line.
Volume remain healthy and as such, we maintain buy for PANW over the longer-term period with near-term target at 218.00. Support to watch is at 172.00 in a major correction.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.