"HnL" setup below $602 previous support pivot at its finest.
Per my notes:
"HnL" Setup
-- stock in a very strong obvious uptrend creeping higher, riding the 9SMA@daily, w/o over-extention from the m.average.
-- puts the 1st big red candle (could be "RDR sell" candle) to shake the water.
-- (bonus) if that 1st red candle breaches and closes below the 9SMA@daily
-- following day has <50% retracement of 1st big red candle in an attempt to recoup some of the loss
-- rejects prior recent support pivot for 2-3 days in a row
-- (bonus) if prior support pivot + 9SMA@daily coincide
-- breaks bottom of recent consolidation range and makes new lows
-- Got short filler size as the opening pop got sold immediately, added Tier 0 on the way down, risking 50% of size above $602, rest above ATHs=$641s
-- Want to add another 0.5/1.0xTier thru break and retest of $570s
-- Expecting pullback towards long-term uptrend around $520s, 2nd target horizontal support level at $465s
05-23-2022
-- Reloaded small size short in-front of $502-505 resistance area, tightening stop for whole size to descending 9SMA@weekly
-- Expecting to roll over and move back towards $460 at a minimum.
06-10-2022
I have accumulated significant exposure to the name vs 9SMA@weekly=$530s.
Finally, some weakness that allowed me to trim some and book some profits.
$460 target remains, main one is $420s.
06-16-2022
Aggressive covers into $460 target. Now I feel comfortable, and I can hold for the move towards $420 area.
06-22/28-2022
People never learn.
-- Re-shorted small into $502 resistance pivot, stop $536s for whole size
-- Roll-over to $460s, then main target $420s
07-12-2022
Finally, it looks toast...$535s resistance & 200SMA@daily won the battle, $PANW rolled over and broke below $502 support pivot and all relevant daily+weekly SMAs. This thing can see $405s easily.
-- Added short momo size as it rejected 200SMA@daily to the penny and rolled over quickly, risking $530s for the add, stop $536 for rest of the size
-- Seeing $MSFT, $CRM, and $NOW moves provided extra confidence in the trade
-- $460 at a minimum, main target is $405s.
07-26-2022
Resolution to the downside and small covers in-front of $460-465 support pivot.
This looks toast:)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-04-29 09:37:13 | PANW | sell | $584.010 | short |
2022-04-29 10:50:42 | PANW | sell | $577.866 | short |
2022-05-03 11:00:38 | PANW | buy | $551.580 | short |
2022-05-04 10:59:13 | PANW | buy | $522.000 | short |
2022-05-06 09:46:31 | PANW | buy | $508.050 | short |
2022-05-09 10:31:38 | PANW | buy | $470.110 | short |
2022-05-23 14:20:47 | PANW | sell | $501.820 | short |
2022-05-25 10:16:07 | PANW | sell | $497.878 | short |
2022-05-25 15:13:25 | PANW | sell | $511.590 | short |
2022-05-27 15:46:03 | PANW | sell | $506.002 | short |
2022-06-01 10:17:37 | PANW | sell | $504.909 | short |
2022-06-02 15:22:07 | PANW | sell | $514.565 | short |
2022-06-03 10:09:41 | PANW | sell | $512.458 | short |
2022-06-07 12:18:23 | PANW | sell | $523.220 | short |
2022-06-08 10:00:48 | PANW | sell | $528.620 | short |
2022-06-09 11:50:34 | PANW | sell | $523.555 | short |
2022-06-10 09:45:39 | PANW | buy | $503.245 | short |
2022-06-10 12:13:19 | PANW | buy | $494.090 | short |
2022-06-10 13:28:58 | PANW | buy | $491.370 | short |
2022-06-13 07:53:02 | PANW | buy | $475.410 | short |
2022-06-13 09:54:04 | PANW | buy | $474.838 | short |
2022-06-13 11:12:50 | PANW | buy | $467.860 | short |
2022-06-16 10:18:44 | PANW | buy | $462.220 | short |
2022-06-16 10:18:44 | PANW | buy | $462.220 | short |
2022-06-16 10:23:03 | PANW | buy | $460.220 | short |
2022-06-22 09:36:57 | PANW | sell | $500.900 | short |
2022-06-24 12:12:07 | PANW | sell | $505.515 | short |
2022-06-28 11:52:17 | PANW | buy | $494.550 | short |
2022-06-30 10:34:55 | PANW | buy | $489.155 | short |
2022-07-01 10:03:54 | PANW | sell | $501.031 | short |
2022-07-05 09:53:17 | PANW | sell | $514.295 | short |
2022-07-12 09:45:52 | PANW | sell | $518.330 | short |
2022-07-12 14:28:05 | PANW | buy | $498.042 | short |
2022-07-13 08:43:37 | PANW | buy | $482.220 | short |
2022-07-14 10:53:31 | PANW | buy | $480.630 | short |
2022-07-18 10:18:30 | PANW | sell | $515.880 | short |
2022-07-26 10:17:15 | PANW | buy | $483.290 | short |
2022-07-26 13:28:06 | PANW | buy | $468.910 | short |
2022-08-03 10:14:57 | PANW | sell | $524.565 | short |
2022-08-10 10:17:13 | PANW | sell | $515.560 | short |
2022-08-15 14:18:30 | PANW | buy | $528.760 | short |
2022-08-15 14:18:43 | PANW | buy | $528.752 | short |
2022-08-15 14:18:56 | PANW | buy | $528.755 | short |
2022-08-23 15:55:56 | PANW | sell | $570.620 | short |
2022-09-01 10:32:21 | PANW | buy | $544.800 | short |
2022-09-01 11:04:34 | PANW | buy | $537.680 | short |
2022-09-01 11:25:05 | PANW | buy | $537.550 | short |
2022-09-01 11:25:05 | PANW | buy | $537.550 | short |
2022-09-12 09:44:13 | PANW | sell | $565.234 | short |
2022-09-22 09:56:34 | PANW | buy | $501.450 | short |
2022-09-22 11:41:40 | PANW | buy | $498.330 | short |
2022-09-23 09:49:27 | PANW | buy | $491.700 | short |
2022-10-11 09:30:56 | PANW | buy | $480.660 | short |
2022-10-12 09:32:48 | PANW | buy | $465.660 | short |
2022-10-20 12:05:41 | PANW | sell | $483.300 | short |
2022-10-21 10:21:05 | PANW | sell | $480.300 | short |
2022-10-24 09:31:51 | PANW | sell | $479.865 | short |
2022-10-26 12:31:51 | PANW | sell | $505.320 | short |
2022-11-03 09:42:49 | PANW | buy | $446.339 | short |
2022-11-04 13:49:42 | PANW | buy | $423.000 | short |
2022-11-04 13:58:36 | PANW | buy | $420.660 | short |
2022-11-18 10:04:01 | PANW | sell | $511.150 | short |
2022-11-18 13:59:58 | PANW | buy | $502.110 | short |
2022-12-01 14:57:10 | PANW | buy | $535.668 | 0 |
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