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ChristieCapital
Aug 6, 2020 3:24 PM

Fortinet earnings alert Long

Fortinet, Inc.NASDAQ

Description

Looking at a daily chart from a technical perspective, the stock remains bullish as an uptrend is starting to take shape. In the short-term, prices have been in a consolidation zone between $152 and $121 since the last time the company reported earnings. Look for a break in either direction. A break above the consolidation at $152 would call for a resumption of the uptrend towards a measured move target of $182.50.
Comments
hungry_hippo
I'm thinking $110 gap fill or $172 target on the upside, but agree on analysis. I'm long on earnings. GL.
BrunoDanteSampaio
@hungry_hippo, great ;) same here..
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