PANW, Palo Alto Cup and Handle. On the verge of a breakout.

22 Haz

Palo Alto has been consolidating for several months now, ever since a massive gap down on February 21, 2024. Now it's forming a cup and handle with the neck line of the formation at roughly 321. On June 21, PANW had a move higher up to the neck line on massive volume.

Now it's primed for a breakout. With the measured move of the breakout to 376.89, right at the All time high.