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Panwlong

PALO ALTO NETWORKS $PANW - Feb. 27th, 2024PALO ALTO NETWORKS NASDAQ:PANW - Feb. 27th, 2024 BUY/LONG ZONE (GREEN): $307.55 - $377.00 DO NOT TRADE/DNT ZONE (WHITE): $282.00 - $307.55 SELL/SHORT ZONE (RED): $225.00 - $282.00 Weekly: Bullish Daily: Bullish 4H: DNT Decided to chart this up after all the noise around the Nancy Pelosi options. Would wait for weekly close to see if price breaks above $307.55 or if it will reject and drop back below, which is why the 4H is marked as DNT despite developing bullish structure. Typically, I would be skeptical about jumping into a long trade after such a strong bearish drop as seen on the weekly timeframe (gap down shown on the daily). Besides the weekly closing above or below the $307.55 level, there are arrows to show other basic opportunities for longs and shorts. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
NASDAQ:PANWLong
by TonyAiello
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