PANW: 260 Legit?PANW has seen a breakout on the heels of geopolitical drama. Along with other strong tech names, we may see persistent between here and 250. Good luck traders
5AP trade ideas
Palo Alto Holds Higher SupportPalo Alto Networks has been chopping near record highs since the spring. Could it have a strong yearend?
The first pattern on today’s chart is the bullish gap on August 21 after quarterly earnings beat estimates. The cybersecurity stock subsequently pulled back to a closing low of $227.45 before bouncing. It retreated again in recent weeks but managed to hold the same price area.
That kind of price action, with the shares finding support at higher levels, may reflect an uptrend.
Second, the recent bounce occurred at the steadily rising 100-day simple moving average.
Third, stochastics are rebounding from an oversold condition.
Finally, look back further to the left. Notice other bullish gaps on May 24 (also on strong results) and June 5 (after it was added to the S&P 500 index). Those may additionally suggest that PANW is in a longer-term uptrend.
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PANWLooking for the whole previous month's candle to be retraced this month into next. Tried shorting this one a couple times earlier this month but failed. Clipping the previous month's high was the short trigger but I missed it & got in today. Looking for sub $200 this month or next. Bearish rsi divergence on the monthly suggests prices could drop even lower for longer.
Panw big correction ???#Panw can't hold support at 231$.
end of the day #panw closed at 227.4$ ( below trendline)
At weekly chart, #panw extremly over range.
if #panw stay below 228$, next support 203$/190$
Resistance : 228$/231$
PANW Palo Alto Networks Options Ahead of EarningsIf you haven`t bought PANW`s Double Bottom here:
or before the earnings here:
Then analyzing the options chain and the chart patterns of PANW Palo Alto Networks prior to the earnings report this week,
I would consider purchasing the 230usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $7.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Palo Alto Networks' stock has plummetedPalo Alto Networks' stock has plummeted
This figure shows the weekly candle chart of Palo Alto Networks' stocks from 2020 to present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, the recent highest point of Palo Alto Networks' stock has just returned to the 5.618 level above the bottom of the golden section in the figure, and has since plummeted. It is now about to hit the 4.000 level above the bottom of the golden section in the figure! In the future, just use the 4.000 position of the golden section at the bottom of the graph as the long short watershed operation for Palo Alto Networks' stocks!
#PANW Straddlle/Trade planWe posted both for more clarity. Take a look! Actual Straddle is bigger and therefore more valuable.
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in combination with our own strategy, not in alone.
PANW look out belowThis one my pendulum picked on 7/8 with today as a date for a trade entry. I kinda spaced on it with all the fun down move in QQQs, but here it is.
Date: today
High to short: 250 (high though was 247.53 today. Yesterday was 250) *** for my notes: the number this morning of pts up was 4.40 or 4.50 and that was actually the high from a gap down, NOT yesterday's close. Actual points = 4.82 ***
Target: 1st reading on 7/8 = $219
Reading today (yest close $248.35):
Points down: 26 = 222
Dowse individual numbers = 2,2, 3 = $223
Next dates: 7/24, 8/9 , 8/25
$PANW Base BreakNASDAQ:PANW may be actionable here if it fits with your trading plan. I missed the big breakout (May 24th) and the run up after the last earnings report. It has now pulled back and based for 3 weeks and looks to me as though it is breaking that base. I started a ¼ size position Jul 27th and was under water by end of day, but it did not hit me stop. I added again next day then again today to bring up to ¾ size position. See notes on charts for my thought process.
Ideas, not investing / trading advice. Constructive comments always welcome. I hope this is helpful. Earnings are “estimated to be in 29 days.”
PANW Cyber SectorPalo Alto Networks is a cybersecurity company that provides advanced security solutions to organizations worldwide.
I don't think they're going anywhere for a while and are very established already with multiple deals and have been on point with their financials and earnings.
We're looking for a break out of the consolidating 238-240 range which already happened as im typing this.
huge gap down on july 12th looking for a retest to 253. If it falls below 238 it needs to hold 236 level or will retest 232.
PANW Palo Alto Networks & the US Gov Agencies Hit By CyberattackIf you haven`t bought PANW here:
Then you should know that Palo Alto Networks offers a range of cybersecurity products, including firewalls, network security, and cloud security solutions.
In light of the recent news regarding cyberattacks on multiple U.S. government agencies, it is reasonable to expect an increased focus on cybersecurity measures, which could potentially benefit cybersecurity stocks in the market. These attacks highlight the vulnerabilities present in the software systems used by government entities, underscoring the urgent need for robust cybersecurity solutions.
The fact that the U.S. Cybersecurity and Infrastructure Security Agency is actively investigating the breach indicates the seriousness of the situation and the government's commitment to addressing these security threats. As such, there may be a heightened emphasis on strengthening cybersecurity infrastructure and investing in advanced technologies to defend against future attacks.
Furthermore, the reported involvement of a Russian-speaking hacking group known as CLOP in previous attacks serves as a reminder of the persistent and evolving nature of cyber warfare. This continuous threat landscape necessitates ongoing innovation and investment in cybersecurity.
Considering these factors, cybersecurity stocks have the potential to experience an upward trajectory. Companies specializing in threat intelligence, network security, endpoint protection, and data encryption could be in high demand as organizations and governments seek to fortify their defenses against cyber threats.
My Price Target for PANW is $260 by the end of the year.
Looking forward to read your opinion about it!
PANW Daily ABCD shortAn ABCD pattern has formed in the Daily in PANW at 247$. However, today tested the 250$. I think that if sellers are around, they should come in at 250$. I am inputting an order to sell at 250$ for a few days knowing that I might already be late. My stop is very tight, 4$ above at 254$.
I am hoping for a retest followed by a selloff. If we don't get the retest, I will not get in because the stop would be too big.
PANW - Rising Trend Channel [MID TERM]🔹FTNT is in a rising trend channel in the medium long term.
🔹Supports at 192 in negative reaction.
🔹Short-term momentum is positive with RSI above 70.
🔹Technically positive for medium-term long-term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
CupNo true handle has formed as of yet. A handle is a zone of strong support underneath long entry level. Long entry level is a level above looming resistance associated with the pattern one is trading. In this case I placed it just above the high of the left (sell side) of the cup.
It is often best to wait until this is reached unless you already own the security in question.
Sometimes price will go back down and form a handle after long entry level was met. In this case if price goes back below entry long (EL) then some would call this a Throwback. A Throwback occurs when price breaks EL but closes back below EL in a short amount of time. Throwbacks differ from pullbacks and can hurt performance.
Bearish Harami/spinning top so far today but this candle pattern needs confirmation with a 3rd candle.
No recommendation.
Targets for a cup are guesstimated using the cup depth which is 81.41 and fib levels are applied.
No recommendation.
#Panw $PANW Long#Panw NASDAQ:PANW Long
📈Chart Pattern: Cup & Handle
🫵Perspective: Long
💔Stop loss: Breaking $ 200
NASDAQ:PANW SKILLING:NASDAQ AMEX:SPY
long position on panwMy strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maket
PANW: Cup & Handle Plus a Inverse Head & ShouldersPANW seems to have formed an Inverse Head & Shoulders over the last few weeks. Also formed a nice cup and handle if it holds above $186 in my eyes.
Tech Earnings have been quick strong in this environment. My belief is we will see continued robust spending in Cyber Security that will provide another strong report for PANW.
Looking for an exit north of $200.
NASDAQ:PANW
Would love hear your thoughts.
Be well and and trade smart!
This is NOT Financial Advice.
PANW Palo Alto Networks Options Ahead of EarningsIf you haven`t bought PANW here:
Then Analyzing the options chain of PANW Palo Alto Networks prior to the earnings report this week,
I would consider purchasing the 190usd strike price Calls with
an expiration date of 2023-6-16,
for a premium of approximately $8.75
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
PANW ranging - indications of a downtrendPANW has been ranging between 181 and 192 for around a month, at a high position.
We now expect it to go to the downside with a possibility of dumping to our targets.
More details are shown on the chart.
Good luck!
Sell signal in Palo Alto
Sell signal in Palo Alto , shorting it for a month should give over 15% on the downside
$PANW Possible Downside for Palo Alto NASDAQ:PANW
Taking a look at PANW here
in a long-term downward channel which can be seen on the daily and weekly time scales
Showing Bearish divergence on the both the MACD and RSI on multiple time scales
With a big gap on the downside.
they report earnings after close today so this one may be one to watch
Let me know what everyone thinks!
Happy Trading!
Cup and HandleEarnings are 2-21 AMC.
Possible stop below the handle low or where you see support.
The cup is 46.75 deep.
Mid cup is 155.60 which is also a support level.
No recommendation.
Long when EL is met/Short is 6.46% which is a bit higher than I expected.
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
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