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Long

Palto Alto Networks - New uptrend

By dorfmanmaster
Technical Analysis

  • We are breaking a previously tested resistance at $230.

  • To enter the new channel, we probably need to close above $235.

  • OBV is at all time highs.

  • RSI(10) 72, has been following setting lower lows and higher highs.
    Overbought can continue to be overbought.

  • Check risk reward ratio in-chart.
    ** I would wait for a breakout to the new channel, or at least a pullback to the $230 now new support.


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