Stock Markets Analysis and Opinion
Palo Alto Networks To Test Resistance
2022.05.27 12:31
When we look at the Palo Alto Networks (NASDAQ:PANW) chart, we can see a climb from the $435 range on the May 21 to the $470, where it formed its new support level, then climbing to the $500 mark, failed to move past it, and returned to the $470 level support.
During yesterday’s session, there was a spike early on its session, reaching the high of $512 but ultimately returning to the $502 where it was last found trading. Today we can expect a move towards the $512 closest resistance level.
If, however, it doesn’t manage to hold on to the current level, then a move towards the $470 support level can be expected.
Palo Alto Networks stock price chart.
