Mar 01, 2022 07:56 AM 0 Answers
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Hi Marty,

I managed to pick some PANW at 578.75 yesterday. I am going to use a stop of 5% but after the move yesterday might move stop to break even.

What would be a good profit target? It is at 52 week high with elevated volume and only breaking out of a 9 week base last week so hopefully it can run a bit more?



That is a good entry price! This stock is showing relative strength, and has been a leader in the cybersecurity space for some time. The volume has been strong during this breakout.

Yes! Move up your stop loss to ensure a winning trade. Let's see how the stock handles that psychological $600 level. I am expecting resistance at that level. But, if it rips through the $600 level this week, you may have a tiger by the tail.

The Russia-Ukraine conflict is helping this stock right now. But, we do not know how much. We do know it is a leader, and performed well prior to any geopolitical news. I really like that weekly chart.

There are quite a few members of this community who are now long this stock. It is always best to stick with the leaders.



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