Sell signal in Palo Alto
Sell signal in Palo Alto , shorting it for a month should give over 15% on the downside
5AP trade ideas
$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
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
PANW cup and handle forming leading into earningsPANW here is forming a very nice cup and handle leading into earnings next week.
Personal Checklist for positive move to the upside
1. PANW has long history of gap ups post earnings by under promising and overperforming
2. Technicals/momentum support the upside move in the short term
3. Nasdaq must hold the 290-300 range in the coming week, if so we need to see panw hold the top end of the descending trend from 2022 (160 range) near the .5 fib
4. PANW has posted 2 quarters of GAAP profitability, another profitable post will place it 1 step closer to inclusion into the SPY (positive catalyst moving into next earnings)
Indicators are on it's side for a move to the upside, imo we should see a short term pullback based on recent macro headwinds and overall sentiment on the nasdaq falling in the recent days.
Earnings will be everything with this move, key now is guidance moving forward .
If guidance is raised or positive enough that they are anticipating posting a 4th quarter of gaap profitability staying with their current revenue targets then a move to the upside is likely as there might be a fomo front run for a SPY inclusion
PANW additionally noted previous earnings that they are mostly insulated from the dollar outperforming other currencies as all billings are denoted in USD. Companies will surely be reducing costs and we could hear that come into play during the call, but reducing security posture/architecture moving into a highly volatile timeframe is likely the worst path to take from a PR standpoint in case of any data breaches
PANW | Carving Out a Bottom | BouncePalo Alto Networks, Inc. provides cybersecurity solutions worldwide. The company offers firewall appliances and software; Panorama, a security management solution for the control of firewall appliances and software deployed on a customer's network, as well as their instances in public or private cloud environments, as a virtual or a physical appliance; and virtual system upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, and firewall; and DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention. In addition, the company offers cloud security, secure access, security operations, and threat intelligence and cyber security consulting; professional services, including architecture design and planning, implementation, configuration, and firewall migration; education services, such as certifications, as well as online and in-classroom training; and support services. Palo Alto Networks, Inc. sells its products and services through its channel partners, as well as directly to medium to large enterprises, service providers, and government entities operating in various industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. The company was incorporated in 2005 and is headquartered in Santa Clara, California.
PANW - MyMI Option PlaysWe purchased CALLS for PANW going into yesterday's morning session around the $144 Price Levels as we noticed that PANW broke out of it's Longer-Term Downward Channel. After further analysis, we acknowledge the potential for $165-$168 while showing the potential momentum of breaking through the Expected Resistance around the $152-$153.
We expect to hold this as long as the stock continues to hold the current Blue Trend and for risk management, we would close out our trade and take those profits to purchase our long-term hold in the stock as it is still 28% off of it's $213.63 ATH and some headroom to move forward to the upside.
Will keep you guys updated and thanks for following us at MyMI!
PANW head and shoulders set-up tinkering on gap fill supportPANW has a gap fill support around 140, it has tested it 3 times now and with each touch it is getting weaker. I want to see the EMAs catch up so there is a stronger follow through with a breakdown, target will be first gap fill support, but then 100 psychological number.
OversoldDeeply oersold with a string of red candles following PANW as it enters an old Gap left behind a while back.
Price can remain oversold for extended periods of time.
Possible support zone if the bottom of this gap is reached.
Prior H&S and price is below the neckline.
Price is now below the .382 of the trend up but is above the 50% level.
No recommendation
Palo Alto update: shortplay still intact Back to long term trend.
Critical support zones are mapped out.
Below red trendline would see this (currently) as buy opportunity. Through the history of the stock this would have been successful.
PANW Palo Alto Networks Options Ahead of EarningsLooking at the PANW Palo Alto Networks options chain ahead of earnings , i would buy the $160 strike price in the money Calls with
2022-11-18 expiration date for about
$7.70 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
$PANW with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PANW after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
PANWRejecting the h&s neckline so far. Earnings next Thursday, thinking puts might be the play. Will check back next week.
PANW ShortJust an idea. Shorting below the 20 EMA with the expectation that it may find some support at the 50 MA.
No Clutter - PANW New High expected for this rallyThis is self explanatory. The chart is saying everything about this trend.
$PANW Outlook looks goodIf it breaks above ~ $570, it will most likely hit ATH's and would expect the next top to be somewhere between $750-$800. Possibility of Aug 23 pump retracing and chopping but doesn't look likely.
PANW strugglebusheads up out there devistating lose incoming to this company. the network effect might not have much pull over here, large downside, however tic is spot on, once this gap gets filled the upside is uncapped
PANW:Earnings surprise catalyst!Palo Alto Networks
Short Term - We look to Buy at 533.54 (stop at 509.45)
They reported better than expected earnings and share jumped in premarket. We are trading within a Bullish Ascending Triangle formation. Broken out of the triangle formation to the upside. Previous resistance at 531.00 now becomes support. Dip buying offers good risk/reward.
Our profit targets will be 604.82 and 620.00
Resistance: 560.00 / 605.00 / 640.00
Support: 531.00 / 460.00 / 400.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’ ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
PANW NeutralDowntrend at current chart -- observe for mid of pivot line @ $498. Possible doing down towards $480s.
PANW Head and Shoulders Bottom$PANW in the software security space.
Reporting earnings in 7 days. Still looks a bit incomplete but what caught my attention is how the 200 MA is creating that horizontal supply line.
It looks like it wants to go, even got a mini head and shoulders bottom.
