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dorfmanmaster

Fortinet at important support

Long
Fortinet, Inc. (NASDAQ:FTNT)  
dorfmanmaster  
NASDAQ:FTNT   Fortinet, Inc.
Trend Analysis Chart Patterns Technical Indicators FTNT software SAAS buythedip IGV cloud clou wfh
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trendanalysis chartpattern indicator ftnt software saas buythedip igv cloud clou wfh
We are seeing confluence of support around $120 approximately.

  • Test 1: February high
  • Test 2: Bottom of gap
  • Test 3: 200sma

Risk Reward ratio is great, as we can set a stop below the 200sma.
RSI is still not oversold on such a drastic down movement.
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