$PANW - RC -
Added 2024-04-16 19:32:54 +0000 UTCNo changes to the chart here since I uploaded it 6 weeks ago but I have a number of requests for it so some members must be concerned.
The 200 Day MA has been acting as the support level since the 0.38 Fib has been lost for Wave 4....a weak market will cause support levels to move lower, this would be standard.
For $PANW moving beyond the 0.5 Fib at $256 and this is at risk of going down to the invalidation line at $213.
This is still some distance to go.
$AMD, $TSM and $INTC are all in the same situation right now.
Impulse wave is still very much alive in this sector.
Comments
Bodes well for $ZS and $CRWD too given they are at similar positions ZS especially
TommyJR
2024-04-17 00:43:40 +0000 UTC
