Taking a look at Palo Alto ahead of its earnings on Monday. After falling more than 30% following its earnings shock back in February, since the low of $260, the stock has now risen around 32% trough to peak. As of right now, the price of the stock is floating around $341.63 in the pre-market, with the stock almost closing the February gap down. Investors and traders will now closely analyse the upcoming earnings with the hope of a positive report in order to fill the gap. In order for the gap to be filled, a price of $360 a share would need to be seen, implying a move of about 6% from current levels. This would create room for possible positioning for traders and investors to chase the all-time highs once again ($380). Towards the downside, the first line of support sits around $428-$430, corresponding to the Feb and May highs. A break below here could lead to another pullback towards the trendline support for a re-test (ranging between $300-$305. Looking at the technical indicators, the MACD has turned positive on the daily interval and so has the RSI as it now reads 60. This suggests that the momentum aspect supports the recent uprise with the potential of continuity in the near term, however, as in the past, earnings can have a bigger influence on price movement than technical indicators and momentum.