Palo Alto Networks
Security is valuable
Overtime I will be launching a signal service, and special setups based on demand. Here is a sample of a special setup I wrote earlier in the month and so far the concept appears valid with the stock I highlighted, PANW which was trading $196 and is now $211.
But theories need to reflect reality so while this is a good start, we need to see a powerful move past $400 to validate this pattern as it goes to another level of investor demand. A close over $218 should be the trigger.
To temper my outlook, is a tweet from the famed speculator Vic Neiderhoffer who tweeted
“a shibboleth among scientists that if an effect is true, the greater the magnitude the more likely it is to hold. nothing can be more detrimental to the market player.”
https://dailyspeculations.com/wordpress/?p=13883
The entire premise of my report is that fractals will repeat itself on a bigger scale (magnitude). That is why it’s a special report for a specific company as to why this particular stock issue will enlarge its market cap by at least 1 additional magnitude.
Apple price appreciation has surprised everyone except Warren Buffett who believes in the granite nature of the magnitude of this investment.
AI and Big Tech are on the rebound but there is nowhere for it to go unless the systems in place are secure. Security should rise in magnitude or greater, as security is vital.
What I feel Neiderhoffer has shared has to do with the known invisible force called competition that prevents any particular asset from perpetually rising. Or he can simply be wrong as no facts are given to support his claim. At any rate, I read that the same time I wrote this report so feel like sharing.
(and the word Shibboleth origin is very interesting to learn as a fun fact
http://www.ruf.rice.edu/~kemmer/Words/shibboleth)
May 9
Fractals in the markets
Sometimes a pattern emerges in the price action of a stock or futures product that has similar appearances and many time frames. I believe we are experiencing one with PANW. This means that this company will keep reflecting this fractal nature … until it does not.
The fractals show that Panw has wide moves during a choppy consolidating period with a final panic sell that allows it to catapult higher quickly.
We are seeing this currently intraday.
We are seeing it daily.
On the weekly and on the monthly.
Everything we circle is NOT the same price data but different units of time but with the same buyer seller dynamic.
While this does not predict anything. And, quite possibly, we are looking for patterns that do not exist. Nevertheless, if we view buyer and seller dynamic as fractal patterns where the price behaviour doesnt change but the dynamic of it does as more volume and more money is actively involved.
It’s a theory that has many sceptics, but also some fanatics and enthusiasts such as myself.
Today is May 9. Type in cybersecurity and see if the zeitgeist matches to the world around us.
As for price and time, we would project PANW to be in the $425-$537 price range believe it or not. The last surge took about a year. So we should see action and volatility going into 2025.
Disclaimer: Not investment advice. You can lose all of your money on any idea presented. Caveat Emptor!
Intraday
Daily
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