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MarthaStokesCMT-TechniTrader
Mar 8, 2024 8:02 PM

FTNT: Dark Pool Buy Zone Support Long

Fortinet, Inc.NASDAQ

Description

NASDAQ:FTNT is a good example of a stock that had a big gap down that immediately filled due to falling below its fundamental level and a Dark Pool Buy Zone.

This and the sideways trading range developing on the long-term trend creates strong support for weathering any sympathy moves from other cybersecurity stocks that have been over-speculated.

Sideways action is likely to continue for a time, but AI-driven cybersecurity will only become more important in the years ahead and this stock is still at a decent price.
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