Almost on the Other Side of the Mountain

Despite the rally on the indices of late, we know many growth issues continue to struggle and flash divergences. 

PANW, for example, has been an undisputed winner for many quarters now, a surging young tech firm. 

On the daily chart, updated below and zoomed-out, however, we can see a major topping pattern still playing out as the stock lags the market yet again today. A move under $151 now likely seals the deal for a confirmed top, projecting a move down to $100, while a rally back over $190 renders the bear analysis null and void. 

True, a buyout of this firm could easily save the day, as could earnings on November 23rd. 

But with MSFT rallying back up to its 2000 highs, AMZN GOOGL running away, the rally is still fairly narrow as far as swinging non-earnings longs in the tech arena.