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Chart of the Day: PANW

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Rachel Dashiell examines current chart patterns formulating for cybersecurity stock Palo Alto Networks (PANW). She starts with a look at the 90-day, 4-hour time frame identifying the $208-$210 area as one to watch. Zooming out to the 1-year chart, she highlights the inverse head and shoulders pattern. She points to that $208-$210 level acting as the "neckline" with the "head" about $65 below that range. She says $208 on both the long-term and near-term should act as support.

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