PANW, COIN and TWLO Forecast – Major Stocks Down in Premarket

PANW Technical Analysis

Palo Alto Networks is a stock that’s about to open up lower quite a bit after the earnings call. The earnings call actually came out better than anticipated, but it was the forward guidance that people didn’t like. And therefore, we will have to see whether or not there is going to be a bit of a pullback and then fill the gap, or if we’re going to drop even further and look for support, perhaps near the $180 level.

I don’t necessarily think this is the end of the uptrend. I just think that you’ve run into resistance. You got some shaky narrative here, and now we will probably enter a dip that ultimately should bring in buyers, but it might be a few sessions before you see that.

COIN Technical Analysis

Coinbase is reacting negatively to its potential outlook, although in all fairness, it’s not a major drop after earnings and revenue beat. So, I suspect this will be a pullback as well in Coinbase, but I also think it will be fairly shallow. I don’t necessarily look for some type of major breaking apart from the trend. On the other hand, if we can turn around and rally, the $300 level could be the gateway to much higher pricing.

TWLO Technical Analysis

Twilio is going to open down quite a bit during the early hours as earnings actually came in less than anticipated, but revenue came in higher. There you go. It looks at this point in time as if it’s going to be about a 4% drop right at the open. There is a huge gap that needs to be filled, perhaps, all the way down to $116. So that is a very real possibility. And quite frankly, this run from September has been absolutely parabolic. So, it’s probably time for this market to pull back and offer value to get more people interested in trying to buy it.