PANW Trade on Apr 29, 2022 09:37 from spyrosz: Tradervue User Stock Trades.

"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:)