Chart of the day: PANW

Yesterday I entered PANW as a swing trade based off the strong closing hammer that printed after a support violaiton.

While the market tanked today, and took just about every stock with it, PANW actually was up slightly.  This market has shown respect to stocks like PANW that have strong price and volume patterns.  This is the type of stock that could really move if and when the market regains it’s footing.

The key theme to think about when looking for longs in this market is relative strength.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Blog at

Up ↑

%d bloggers like this: