Dec. 11 at 10:33 PM
Actionable Trade Alert for
$PANW:
Market Context:
$PANW is currently trading at
$191.9, with a strong RSI of 60.79 indicating bullish momentum. The stock is below both the 30-day MA of
$200.75 and the 50-day MA of
$205.49, suggesting potential upward movement as it approaches these resistance levels. The 60-day high of
$223.61 provides a clear target for bullish traders, while the low of
$180.05 offers a solid reference for risk management.
Directional Bias: The bullish sentiment is supported by the RSI nearing overbought territory, and the stock is poised to break through resistance levels if buying pressure continues.
Suggested Trade Plan:
- Entry:
$192
- Stop Loss:
$180 (approximately 6.3% risk)
- Take Profit Targets:
1.
$205 (6.5% gain)
2.
$215 (11.5% gain)
3.
$225 (17% gain)
This trade plan offers a favorable risk-reward ratio with a potential 17% ROI on the third target. Monitor market conditions closely.
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