$PANW Base Break

1 ส.ค. 2023

PANW may be actionable here if it fits with your trading plan. I missed the big breakout (May 24th) and the run up after the last earnings report. It has now pulled back and based for 3 weeks and looks to me as though it is breaking that base. I started a ¼ size position Jul 27th and was under water by end of day, but it did not hit me stop. I added again next day then again today to bring up to ¾ size position. See notes on charts for my thought process.

Ideas, not investing / trading advice. Constructive comments always welcome. I hope this is helpful. Earnings are “estimated to be in 29 days.”