Cybersecurity and network services play Palo Alto Networks $PANW is in a key bullish breakout. Last week, we noted that it traders sold PANW at resistance. But we also suggested anticipating a short bearish outlook and instead anticipating a possible bullish breakout. PANW Daily Chart (click to enlarge) Bullish Breakout:- In the previous update, I suggested expecting support around 156-157. - However, we can see that price held above $160 before rebounding.- There was essentially no real pullback, as price broke above a key channel resistance.- This opens up the $195 and $200 mark.