$PANW
Added 2024-02-21 00:18:58 +0000 UTCNot every company is as strong as $NVDA and the market needs to come to terms with this.
Just because a company is in the AI and Semi sector, the hype will only carry you until earnings and then reality bites, earnings needs to deliver to justify the hype
"Palo Alto Networks Inc. shares were tumbling in Tuesday's extended session after the cybersecurity company came up short with its forecasts for the current quarter and trimmed its full-year revenue outlook."
$PANW did not make it to the 1.618 Fib to complete Wave 3 but it has certainly completed it now.
I have added in Wave 4 potential support levels and we can see that the -20% post earnings drop has landed directly at the 0.38 Fib....which is a good sign at $285.
No rush to enter here until support is found.....price can not go below the blue line at $213.
