Palto Alto Networks - New uptrend for NYSE:PANW by dorfmanmaster

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Technical Analysis

We are breaking a previously tested resistance at $230.
To enter the new channel, we probably need to close above $235.
OBV is at all time highs.
RSI(10) @72, has been following setting lower lows and higher highs.
Overbought can continue to be overbought.
Check risk reward ratio in-chart.
** I would wait for a breakout to the new channel, or at least a pullback to the $230 now new support.

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