It's Time to Short PANW.
@TBI:
Cybersecurity stocks have been the craze in the past few weeks. We have fears over security and safety owing to the discovery of surveillance balloons across the US and around the world. Moreover, cybersecurity companies have been posting strong ER beats across the board. Having lost all my charts previously, I lost my charting on Palo Alto Networks (PANW). However, I decided to re-chart the stock again with a fresh perspective on the stock. PANW is interesting because if you just zoom out and look at the stock, it appears to be trading in a massive distribution pattern that is likely going to end with it trading near the 100s. However, the market makers never make things easy for retail traders or investors betting against the stock. Here’s a look at the stock’s daily chart: It appears