Dec. 19 at 3:20 PM
Actionable Trade Alert for
$PANW:
Market Context:
$PANW is currently trading at
$185.88, with an RSI of 44.17 indicating a neutral momentum. The stock is below both the 30-day MA of
$195.65 and the 50-day MA of
$202.98, suggesting bearish pressure. However, the price is closer to the 60-day low of
$180.05, which may present a potential reversal opportunity.
Directional Bias: Given the RSI and the proximity to the 60D low, we anticipate a potential upward correction towards the 30-day MA.
Trade Plan:
- Suggested Entry:
$186.50
- Stop Loss:
$180.00 (risking
$6.50)
- Take Profit Targets:
1.
$195.00 (Target 1: 4.0% ROI)
2.
$205.00 (Target 2: 9.8% ROI)
3.
$217.00 (Target 3: 16.7% ROI)
With the potential for a 16.7% ROI at Target 3, this trade offers a favorable risk-reward scenario. Monitor closely for price action near key levels.
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