Dec. 15 at 5:40 AM
Actionable Trade Alert for
$PANW:
Market Context:
$PANW closed at
$191.69, with a 60-day high of
$223.61 and a low of
$180.05, indicating a potential upward movement given the current price is closer to the low end of this range. The RSI at 63.57 suggests bullish momentum but nearing overbought conditions.
Directional Bias: The price is below both the 30-day MA (199.81) and 50-day MA (205.11), indicating a bearish short-term trend. However, the proximity to the 60-day low and the potential for a reversal suggests a cautious bullish outlook.
Trade Plan:
- Suggested Entry:
$192.00
- Stop Loss:
$185.00 (3.9% risk)
- Take Profit Targets:
1.
$202.00 (5.2% gain)
2.
$210.00 (9.4% gain)
3.
$225.00 (17.3% gain)
This plan offers a solid risk-reward ratio with a potential ROI of over 17% on the third target. Monitor RSI and MA for confirmation.
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