PANW has a really beautiful setup. The weekly chart shows us a inside weekly hammer candle at the highs of that mother bar. We have the rest of the gap to fill above.
The daily chart provides continuous bullish price action (ascending triangle), looking to break and hold above $342.44 resistance level. If we can continue upside, I've provided some targets to go after.
Looking to open some swing calls on this, Possibly $355c or $360c 7/19 exp. (short swing)
If this breaks below the trend line support + below $338.48 (PDL), then this thesis is invalid.
The daily chart provides continuous bullish price action (ascending triangle), looking to break and hold above $342.44 resistance level. If we can continue upside, I've provided some targets to go after.
Looking to open some swing calls on this, Possibly $355c or $360c 7/19 exp. (short swing)
If this breaks below the trend line support + below $338.48 (PDL), then this thesis is invalid.
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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.