The following swing trading levels are reference points for traders to consider. As we provided levels for a long and short bias, the information is directionally neutral.

 

The levels are also ultra short-term, meaning that support and resistance targets are based on the nearest swing highs and lows. Typically, if a market is trending–in this case, trending in the short-term–price often hits the nearest target upon breaking out toward the upside or downside. 

 

But like all patterns, there is a failure rate, particularly during moments of market indecision, signaling consolidation or ranging activity. The levels provided don’t propose that a breakout will follow through toward hitting its target. Again, they are reference points for you to use should it help you in your own swing trading analysis.

 

Palo Alto Networks (PANW)

   

Swing High

214.39

active

Nearest Upside Target

230.53

 

Swing Low

196.94

 

Nearest Downside Target

178.80

 
     

Tenable Holdings (TENB)

   

Swing High

30.88

 

Nearest Upside Target

32.87

 

Swing Low

29.47

 

Nearest Downside Target

26.40

 
     

Check Point Software Technologies (CHKP)

   

Swing High

120.99

 

Nearest Upside Target

128.11

 

Swing Low

114.59

 

Nearest Downside Target

108.59

 
     

Fortinet (FTNT)

   

Swing High

84.20

 

Nearest Upside Target

88.34

 

Swing Low

79.42

 

Nearest Downside Target

74.67

 
     

Mimecast Limited (MIME)

   

Swing High

50.30

active

Nearest Upside Target

54.09

 

Swing Low

46.95

 

Nearest Downside Target

44.63

 
     

Qualys (QLYS)

   

Swing High

91.56

 

Nearest Upside Target

95.99

 

Swing Low

85.67

 

Nearest Downside Target

82.40

 
     

Proofpoint (PFPT)

   

Swing High

127.78

 

Nearest Upside Target

131.43

 

Swing Low

122.16

 

Nearest Downside Target

110.09

 




The risk of loss in the trading of stocks, options, futures, forex, foreign equities, and bonds can be substantial and is not suitable for all investors. Trading on margin or the use of leverage is not suitable for all investors and losses exceeding your initial deposit is possible. Supporting documentation is available upon request. Trading futures, options on futures, and FX involves substantial risk of loss and is not suitable for all investors. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources and only risk capital should be used. Opinions, market data, and recommendations are subject to change at any time. The lower the margin used the higher the leverage and therefore increases your risk. Past performance is not necessarily indicative of future results.