CBRA S2 Alert on PANW (Bearish)Palo Alto Networks, Inc.BATS:PANWMarcoJarquinAfter a very volatile week charged with news, my modified CBRA algorithm (for stocks) has produced an S2 alert on PANW. From a technical analysis perspective, price has been trading within a broad range since May 2023. Notably, within this entire range, there has only been one prior alert of the same family (an L2), which marked a pullback within an uptrend and led to a strong rally that ultimately pushed price to new highs. In late October 2025, a failed bullish breakout above the upper boundary of this range — followed by a doji candle above the upper Bollinger Band — signaled exhaustion and marked the start of the current downtrend. Since then, price has moved below the 20, 50 and 100-week EMAs, confirming structural weakness. At the moment, price is pulling back into the confluence of the 20, 50 and 100-week EMAs, while also interacting with a descending trendline acting as dynamic resistance. If bearish momentum continues from this area, the move could extend toward the lower boundary of the range near the 143 level, implying roughly a ~15% downside from current levels. As a reminder, an S2 alert identifies a pullback within a bearish structure, where price tests key dynamic resistance (such as EMAs or volatility bands) while underlying conditions still favor continuation rather than reversal. Happy pip hunting!