PANWI found this idea worth my attention. Price has printed a clear resistance (3 points/ touches), expecting a break-out and Resistance/ Support flip.
Targets - to close the gap and test the high. Trade safe
0KF5 trade ideas
PANW Ascending Triangle Break OutPANW 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.
Palo Alto Networks PANW - Nancy Pelosi Play?PANW may defy the odds. While other stocks are pulling back, PANW may find support at the 200 Day EMA blue line. Also there is a gap in price above the current price. Plus Nancy Pelosi has over $500,000 in this play. You know how she keeps winning. Does she know something we don't? Leap Options may be in order.
PANW at it's peak?It's in the overbought area and last time in this range, it had a drastic correction. Looks like it could go sideways at this level for 1-2 weeks, looking for it to cross over with a stronger signal for a correction again
$PANW $357 gap fill?NASDAQ:PANW currently above daily resistance level. It has earnings gap filled to the upside. MACD is almost flat also RSI and William% range showing bullish divergence. at the same time it's entering volume gap. My pt for this chart is $357.
PANW Cup n Handle Breakout Inbound! NASDAQ:PANW #PANW Cup n Handle breakout inbound! 💥
X: @TheRonnieVShow
You've been warned!
🍳Daily Cup n Handle
🍳95% SUCCESS RATE+AVG RISE of 52%
🍳MACD uptrend & continuation above zero line
🍳RSI Uptrend
🍳 GAP Fill
🎯$359.82
🎯$497
#whalenancypelosi
NOT FINANCIAL ADVICE 🖖
$PANW 360 INCOMINGNASDAQ:PANW building nice consolidation, and i expect a breakout to $360 this week, has failed multiple breakout attempts, and RSI is rising. I see a nice gap fill straig above.
PANW, Palo Alto Cup and Handle. On the verge of a breakout.
Palo Alto has been consolidating for several months now, ever since a massive gap down on February 21, 2024. Now it's forming a cup and handle with the neck line of the formation at roughly 321. On June 21, PANW had a move higher up to the neck line on massive volume.
Now it's primed for a breakout. With the measured move of the breakout to 376.89, right at the All time high.
Forming Cup&HandleIt looks like it is forming a cup & handle, and then might close gap.
what do you think ?
PANW bearish outlookPANW has broken the long term bulllish channel it was in
PANW is now in a bearish trend so until and unless there is bullish reversal confirmation no need to enter right now :)
PANW Bearish trend startingNext strongest support 265 to 260
Should be bought at bounce backs from the 265/260 levels
Entry @ 275 just to be on the safe side when it rebounds from 260
Stop Loss 255
TP @315
PANW Super BullishNow we might pull back to the bottom trendline, but that is nothing but a buying opportunity. $360 price target from RBC along with a top and bottom (modest) beat this past week during earnings will ensure we continue to follow this extremely bullish channel upwards. Long and long again at bottom trendline.
Palo Alto Networks ($PANW) Earnings Beat Expectations Palo Alto Networks ( NASDAQ:PANW ) reported fiscal third-quarter results that exceeded analysts' expectations and provided revenue guidance that matched estimates. The company's shares fell over 8% in extended trading following the release of the quarterly earnings report. Palo Alto ( NASDAQ:PANW ) reported revenue for the latest quarter of $1.98 billion, a 15% year-over-year increase and slightly ahead of analysts' expectations. Net income came in at $278.8 million or 79 cents per share, versus $107.8 million or 31 cents per share in the year-ago period.
The cybersecurity company had previously warned about "spending fatigue" and had shifted towards a "platformization" strategy to combat it. The company said it expects revenue to be between $2.15 billion and $2.17 billion in the fiscal fourth quarter and in the range of $7.99 billion to $8.01 billion for the full 2024 fiscal year. The revenue outlook was consistent with consensus estimates of $2.16 billion and $7.98 billion, respectively.
Palo Alto Networks shares ( NASDAQ:PANW ) fell nearly 9% in extended trading Monday after the cybersecurity firm issued a lackluster current-quarter and full-year outlook. The company's muted guidance has raised concerns about its recent move to a consolidated cybersecurity platform aimed at driving growth among cautious enterprise customers.
Palo Alto Networks shares ( NASDAQ:PANW ) found a zone of support between $281 and $295 from the 50-day moving average and price action over the past five months. The stock finished after-hours trading at $295.61, an 8.7% decline from the end of the regular session.
For the fiscal fourth quarter ending in July, Palo Alto Networks ( NASDAQ:PANW ) guided revenue of $2.15 billion to $2.17 billion, with the $2.16 billion midpoint matching analysts' forecast. It sees billings in the period, which account for deferred revenue, coming in between $3.43 billion and $3.48 billion, compared to expectations of $3.45 billion.
In an effort to pursue growth amid cautious enterprise spending on cybersecurity solutions, the company recently pivoted to a consolidated security platform, offering initiatives such as free product offers to entice corporate signups.
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.
PANW has earnings today, chart looks very bullishToday's target at the close - 345. If earnings comes good, it may hit close to 400 today...
Members Daily Analysis - May 19 2024Markets close at weekly ATH.
Commodities surging, URA, Gold, Silver, Copper, Nat Gas
NVDA earnings on Wednesday.
PANW Palo Alto Networks Options Ahead of EarningsIf you haven`t bought the dip on PANW:
Then, after analyzing the options chain and the chart patterns of PANW Palo Alto Network prior to the earnings report this week,
I would consider purchasing the 300usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $27.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
$PANW nice base and still good momentumNASDAQ:PANW nice base and still good momentum on a weekly financial still good but on the daily is a little weak. keep an eye on this support base, dump if it breaks.
PANW is a fundamental beastI been waiting a long time to start a position in this one.
Not very many megacaps end up on my list. I scan for fundamentals then look at TA for entries. The numbers really set this one apart.
ROE +89.52%
EPS Diluted Growth QoQ +780.12%
EPS Diluted Growth Quarterly YoY +1824.54%
EPS Diluted Growth TTM YoY +8305.52%
Revenue Growth QoQ +22.28%
Revenue Growth Quarterly YoY +19.33%
Revenue Growth TTM YoY +5.15%
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.
