PANW bearish short-term, but Bullish Long-term?

4 thg 3

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.

22 thg 3

Ghi chú

I believe that PANW has found a bottom near term and will test 300-330 by June. we are reaching oversold territory with a bullphone/megaphone pattern.