Palo Alto $PANW has been pushing into all-time-highs, and almost tagged $240 a share before retreating back towards $200.PANW Daily Chart(click to enlarge)Support/Resistance Pivot:- On the daily chart, we can see the the market stalled around $200 in late 2015. Since then, there has been a period of consolidation. - However, after price rebounded from $110 in 2017, the bulls extended PANW past the $200 resistance in 2018. - As we face a period of general market contraction, PANW has retreated back to the $200 area. - Other than being a previous support/resistance pivot, the 200-day simple moving average (SMA) is also right around $200. - The RSI has dipped below 30, hanging around the oversold area. In a bullish market, this could be a signal that the the correction is nearing an end. - I think there will be a bounce here towards the $217-$220 area, which is a previous resistance area. We should anticipate selling here in case the market is still working out a price top, and resistance here could be part of a head and shoulders pattern.- Also, if the RSI holds under 60, we should anticipate further bearish correction.- For now, though we should anticipate buying around $200. Perhaps, we should give it some elbow space to $190 for support because of the general market downturn.