PANW Butterfly Pattern. Bearish until 102 and then BullishPANW is forming a Butterfly harmonic pattern. The 1.272 XA extension perfectly aligns with the 61.8% fib retracement of the entire bullish move.
Potential reversal zone is 102-101. PANW will gravitate towards 102-101 area first (That aligns with long term 61.8 fib) and then will bounce back to $116 and then 126 before earnings.
PANW
Are we approaching a bottom ?The price movements since July 2015 look corrective to me. So my preferred count is shown in the chart. I personally think the yellow area could be the potential end of correction. There might be a great opportunity with tight stops but need to see the price action first. Watch it closely.
Btw, if I am right, the bottom should be in within March 2017.
$PANW Cup and HandleSwitched to the daily for this pattern. Looking at a cup and handle into earnings. After a breather this past year, cyber is becoming another hot topic with the election. Pay attention to this as the next 2 weeks go. Im a buyer on volume
www.trendyprofits.com
Can Rally Continue?After a triple top around $190 PANW dropped down to $110. Though PANW reported a loss for earnings on 2/25/16 they beat expectation and the stock rallied to the $152 resistance level. Since then price has created an almost perfect bull flag. If price continues to rally and defiantly break through the $152 resistance, I expect next stop to be in the $170area. Conservatives traders may want to wait untill the stock foes up with strong volum before buying. However, you can trade at the current price and have nice stop loss in play at the weekly low of $148 in case the trade goes agaisnt you
PANW Earnings breakout possible?PANW was down 45% from highs due to market meltdown. Earnings may give a huge thrust and give bulls convincing about the growth story and take price above previous long term weekly support of 140 which was broken 3 weeks back.
AAPL- You Need Only Ask One Question- Where IS Support.3-10 In keeping with my theme today of using support to guide
your entries?
Much like PANW this issue is sporting a similar set up brewing.
For those who like to buy stocks in uptrends
pulling back to support? You need only ask one question.
Where is it? Look no further than the green trend line.
Should this issue tag those zones that is where you want to
see the stock stabilize.
As always, trade at your own risk, these are not recommendations.
Strictly for educational and informational use only
CYBR- 38.2%, 50% Fib Zones are the buy the dips levels to watch3-4 Well what do you know. A stock that 9 days ago every
momo person on the planet just had to have out of fear of
being left behind AFTER they have already been left behind
(what else is new) is now finally pulling back and building a bull channel.
The big question is how long will it build out and how deep will the
pullback be if it indeed continues. Nobody knows, BUT we have clues
though to guide us and those are Fibonacci retracement zones where
stabilization can occur, that's what one wants to be watching for.
Notice we have small zones where support can occur in tandem with
the 38.2% and 50% fib zones?
As always, trade at your own risk all information is for educational
informational and educational purposes only.
PANW- Down 5 ? What do you expect in an extended market. 10-27 Down 5? What do you expect in an extended market.
The clues were there.
Going into today this issue was closer to trend channel
resistance and sporting a double top with a potential
shake out high. I mean really, 88 to 108 in 9 days? How
much more could one ask for in such a short period of time.
This is "bulls make money, bears make money and pigs get
slaughtered" in visual form. So in summary, The next time
you see a chart like this show up in an issue you own what
are you going to be thinking about doing?
These are not recommendations, trade at YOUR own risk.
For informational and educational purposes only
PANW daily chart - bullish triangle breakoutBullish triangle breakout on improved volume, estimate first target along $96
