Palo Alto $PANW had a good year so far after the late 2018 bearish correction. On the daily chart, we can see price surging to an all-time-high around $260 before settling in a range between roughly $230 and $250. This week, price fell below this consolidation range.PANW Daily Chart(click to enlarge)Pullback:- The daily chart shows us how price has rebounded from the late 2018 correction into a fresh new high in 2019.- The current dip is a pullback from the 2019 bullish breakout.- But if the market remains bullish, PANW should find support in the $215-$220 area. - This area sits right on top of the 200-day simple moving average (SMA) and involves a previous support/resistance pivot.- Meanwhile, the RSI is already testing 30. In a bullish market this could be a sign of being oversold.- If price continues to dip however, the next support is in the $190-$200 area, another key support/resistance pivot.- I had an entry order triggered at $220, and have more dry powder waiting around $198.