PANW Dropped 25% overnight after disappointing earnings. The 25% drop brought it perfectly down to the 200 EMA and right above a major pivot. If it holds the 200 EMA, this could just be an aggressive but potentially healthy pullback for a stock that has been technically overbought for over a month.
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Bounced beautifully off the pivot. Up up and away we go!
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Amazing! And now Nancy Pelosi bought calls!