Dec. 10 at 2:37 AM
Actionable Trade Alert for
$PANW:
Market Context:
$PANW closed at
$195.01, currently in a consolidation phase with an RSI of 43.27, indicating a neutral to slightly bearish sentiment. The price is below key moving averages (MA30 at
$202.53 and MA50 at
$206.00), suggesting potential resistance ahead.
Directional Bias: Given the RSI and proximity to the 60D low of
$180.05, there may be a short-term bounce opportunity. However, the price must overcome resistance levels to confirm a bullish reversal.
Suggested Trade Plan:
- Entry:
$195.50 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$187.00 (below the recent low to minimize risk)
- Take Profit Targets:
- TP1:
$205.00 (5% gain)
- TP2:
$215.00 (10% gain)
- TP3:
$229.00 (17.4% gain)
This plan allows for a strategic approach to capitalize on potential upward movement while managing risk effectively.
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