Naked Chart Trading: PANW 21 May 2024
$Palo Alto Networks(PANW.US$ reported quarter EPS of USD1.32, USD0.07 better than the analyst estimate of USD1.25. Revenue for the quarter came in at USD2B versus the consensus estimate of USD1.97B, overall above expectation.
Share prices wise, it closed nearly 2% higher but fell on overight trading
$Palo Alto Networks(PANW.US$ Weekly Chart
Weekly chart showed a rebound in Apr 2024 from head & shoulder bearish reversal pattern. Currently the price is testing 50% Fibo retracement level (Feb 2024 high & low) around USD320, while 61.8% located at around USD335. Overnight prices stay below USD300, signaled a potential rebound end at 50% Fibo level, will trigger more downside if the price close below USD300 or break below USD290 today.
Support levels are 38.2% USD305 and23.6% USD288
Disclaimer
This content is for reference only and does not constitute any investment advice, and past performance is not indicative of future performance. Returns will vary, and all investments carry risks, including loss of principal. Please make your own investment decisions.
This content is for reference only and does not constitute any investment advice, and past performance is not indicative of future performance. Returns will vary, and all investments carry risks, including loss of principal. Please make your own investment decisions.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo Malaysia Head of Dealing
Trading is a mirror that reflects everything about myself
交易就是一面反映自身一切的镜子
1984Followers
48Following
2930Visitors
Follow