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.

Technical Analyst: Alessio Barretta

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