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PANW trade ideas

5/20/24 - $panw - probably a beat, i like $s and $zs more5/20/24 - vrockstar - NASDAQ:PANW - probably a beat and one you'd want to dip buy. seem to be doing well in the field from what i gather as well, and of course the insider congressfolks own it, which adds to the allure of owning it. as mentioned in a previous comment, this thing is not cheap - 50x PE and LSD fcf yields... but if they can deliver this is going to be running hard to the upside. dip probably gets bought and all else equal remains a LT winner. I prefer NYSE:S and NASDAQ:ZS , smaller size names, better growth/ opex flex - and both will benefit from a beat here on NASDAQ:PANW (all cyber factors will). will size up the tape into the close to decide if i will go long here, but don't believe the setup looks great for R/R given the recent run that's probably front-loaded a decent result. gl to those holders.
NASDAQ:PANWLong
by VROCKSTAR
$PANW – Looks like it may have bottomedNASDAQ:PANW This cybersecurity leader got beat-up on the last earnings report. It looks to me that it may have bottomed out. On this weekly chart (the week is still young) it is in the process of setting up as an inside week. It is regaining the 40 Week MA which I view as important. Additionally, the volume has been declining since the big sell-off. I take that to mean that the selling pressure is over or about over. I am going to be patient with this one and look for it to close above that 40-week MA. If it does, I will look at a lower timeframe chart for a good entry where I can find a good risk reward entry. For now, it is on my watchlist as a B+ set-up in the making. The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NASDAQ:PANWLong
by jaxdog
Swing Into Potential Crash - Pt. 2PANW has traded in a boring range since I last posted my original idea (linked below). Here are the dynamics that have unfolded, and my forecast from here: - The main factor we need to determine is if the recent consolidation is accumulation or re-distribution (I'm leaning toward re-distribution with a UTAD upcoming - meaning one more pop before major drop). - There is a ton of overhanging supply, but at the same time a major gap above to fill - Overall market is nearing a top (but still some gas left in the tank), so if we assume PANW won't completely disregard the rest of the market, then the re-distribution with a UTAD scenario makes sense ( for traders this means swing long currently, and then swing short based on my updated forecast, below) ------------------------------------------------------------------------------------------------------------------ Forecast/Predicted price action: A) Needs to clear 281.71 to give a new signal to enter long (I want to see a close above that level this week). If it gets rejected again at 281.71 then it will see another pullback along the thick red arrow on chart. B) If we clear 281.71 then it will test 287.79 minimum , so I'll be looking at Apr 26 285 or 286 calls. Once it tests 287.79 , I'll sell half of my calls ITM and then wait for the major test (i.e. rejection at 287-288 or breakout above that level) - If rejected then I will exit remaining calls but not switch to puts just yet, would need more confirmation. It would likely pullback along the 1pt red arrow if rejected - if breaks above then I will hold my calls for target scenario (C) C) If we get to scenario (B) and get the breakout above 287.79, then I'm expecting continuation higher to 298 - 300 ( my initial target = 299.20 by 4/19/2024 ). - after it hits initial target then it will pullback to retest 287-288 for support before making one final run into the 300s. Don't short until this makes it into 300s to test the gap. It will crash later in 2024 so shorts will have their day soon. I'll send an update once this makes it to 299, but until then I gave you everything you need to trade this. ~Not financial advice. I'm not currently in a position, but will enter calls if we get the sustained break (or close) above 281.79.
NASDAQ:PANW
by JerryManders
Swing It Into A Potential CrashIn summary, if you are in (or considering buying) shares, this is Mid-term bearish. I would highly recommend against entering or adding shares here. You will likely have a better chance to exit/sell in the 330s around March 11-12th. For those playing options, I can share my strategy - you'll have to be nimble to swing this for profits, but very do-able since I know the path it will take from here. The smarter strategy is to wait until this confirms a higher low and then short it around March 12th-13th, But if you like making real money on weekly options with high risk here is what to do. Not Financial Advice. To follow this chart, just pay attention to the thick black arrow - that is my forecast/path that price action will take. The thick red and green arrows align with the black arrow. Read below to see the exact levels and pivot dates I am looking for. - PANW will likely pullback some more to 276-290 (-4% to -9% from current price: 302.40). This will happen fast - by March 5th End of Day (3/5/2024). So IF it doesn't gap down Monday, I'll be buying a few Mar 8 295 puts for ~3.40 and then looking to sell for over 7.00 Tuesday 3/5 before the close . But if it gaps down Monday 3/5 (which is possible), I'll be holding off on this swing and waiting for my chance to swing long. Hard stop loss will be a break above 306 at any point, if it breaks above 306 that is first near-term bullish signal, if it breaks above 315 it will confirm it has started next bullish leg. - After the small pullback to expected range of 276-290, PANW will make its last bounce to around 327-338 (depending on where it bottoms in current down leg, this is a possible +16% to +22% bounce coming). Once I sell my Mar 8 puts on 3/5 before close, I will immediately buy Mar 15 300 calls - the premiums should be around 3.00-5.00 at this point but it will depend on where it bottoms exactly. The bounce will last through 3/11-3/12, so I will be looking to sell half my calls at 327 (for at least 27.00) and then sell the other half around 338 (for at least 38.00) *** After this bounce to 327-338, the real downside will begin. I will send an update with my precise target when we see how this plays out and at what levels it bottoms and tops in this path/forecast, but my estimate target is 210-240 by end of March to Early April (Potential for a 100 point drop!!). I'll be going big on April 19 puts when this bounces to the 327-338 range. Stay tuned for updates along the way.
NASDAQ:PANW
by JerryManders
394
PANW bearish short-term, but Bullish Long-term?I am still undecided about this stock, it seems to be getting investors attention after Nancy bought call options and her last venture with NVDA, I am still bearish short term given the price action and gaps to the south side. I would not be comfortable buying till price lowers to about 270-275. There is also an ongoing fraud class action suit involving PANW. This could be what lowers the price presenting a buying opportunity. I am bullish long-term due to the rise and need of cyber security and the people need/want of more privacy online; I am using TA to perform this analysis, but will update weekly.
NASDAQ:PANW
by TheTAguy112
2