#TBI2025[23]: PANW, CRWD, NET
TA as of 15/6/25
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Today’s newsletter is centered around cybersecurity stocks:
Palo Alto Networks, Inc. (NASDAQ: PANW)
PANW is currently trading in a rising wedge pattern with higher highs and higher lows.
Bearish divergence can be observed on the stochastic, alongside a rising wedge pattern into the daily imbalance at 199.26-202.77. The daily stochastic is also rolling over following a bearish stochastic crossover.
Bulls want 202.77, while bears will want to target 192.73-193.60 weekly imbalance on the initial breakdown, and subsequently the 174.94-178.09 weekly imbalance upon further confirmation.
CrowdStrike Holdings, Inc. (NASDAQ: CRWD)
CRWD has been forming higher highs and lows since 2020. It's turned its 1.618 Fib extension (assuming 0 Fib at 2020 COVID lows at 31.95 and 1 Fib at 2021 ATHs at 298.48) at 463.20 into support. As long as this extension holds, CRWD should push near/ into 513.17 (per the new EMA indicator I'm using from TradingView).
However, should CRWD roll below 463.20, it should head back towards the weekly imbalance at 400.02-414.41, followed by the thick confluence of daily imbalance at 374.71-382.50.
A breakdown below the rising wedge support trendline (in red) will see a retest of the 261.58-277.88 weekly imbalance, alongside the target price at 281.93 per the EMA indicator.
Cloudflare, Inc. (NYSE: NET)
NET is trading in an ascending channel with higher highs and lows after basing at quarterly support lows at 38.48-40.50 for over a year. The weekly stochastic continues to come out of a bullish crossover while the daily stochastic is turning down following a bearish crossover, suggesting short-term downside is set to continue for a period of time.
It recently rejected off the monthly resistance at 178.42 and has been pulling back since. Breaking this level is key for further upside.
I'm watching the 136.39-154.03 weekly imbalance to the downside. As for the upside, I'm watching for a break above 178.42-182.59 to see new 52 week highs at 191.41 monthly resistance.