Elliott Wave Technical Analysis: Palo Alto Networks Inc. - Wednesday, Feb. 19

Palo Alto Networks Inc. (PANW) – Elliott Wave Analysis

Daily Chart Analysis

Function: Trend
Mode: Motive
Structure: Impulsive
Position: Wave 3 of (5)
Direction: Upside into wave 3
Details:
The stock is experiencing acceleration within wave 3 after a leading diagonal in Minor wave 1. The next key resistance level is at $300, indicating potential upward momentum.

1-Hour Chart Analysis

Function: Trend
Mode: Motive
Structure: Impulsive
Position: Wave (iii) of {iii}
Direction: Upside into wave (iii) of {iii}
Details:
A strong volume breakout above $200 supports the upside continuation. The 1.618 extension of wave (iii) vs. (i) targets $220, highlighting further growth potential in the short term.