PING. Great company with strong fundamental in cybersecurity space. Many companies across the globe is adopting PING or ping like solutions.
Never missed earning EPS or revenues so far. WFH has fueled the cybersecurity adoption.
On TA front, it's ascending megaphone pattern and good part is that it's tested out the major support level before reversal. Think it...
Maybe I am a bit too early but there are divergences on the chart that show, it could soon get ugly.
29th of July is Earnings Date, which could act as a catalyst.
No trading advice, just my own opinion.
shoutouts to my mate @TR7z
If a car is a meme, and the gas is $DOGE, then the highway is Adobe.
Create memes of meme coins, but first, load up on some $ADBE. You should invest in the tools you use.
The bars pattern here is from $FTNT... they're all in the same tech basket. $FTNT is leading, $ADBE $CRM and others are following.
Monthly
Strong uptrend
Volatile
Divergency = overheated.
Weekly
Downtrend
Strong Sellers = not a good time to open
Daily
I recommend wait and better buy from SR level ( 93-95
OPEN 95
SL 86
TP 140
RR 3.5
Leading Stocks To Watch This Week
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$LULU #Lululemon #apparel $IPHI #Inphi #semiconductors $COST #Costco #consumers $FTNT #Fortinet #technology $AMED #Amedisys #healthcare #coronavirus #stocks #stockstowatch #stockmarket...
Watch for a breakout of $149.69. I would wait till pull back after the breakout to be in safe side.
12 months Consensus Price Target: $124.88
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
Buy Long: Fortinet Inc - Ticker: FTNT - Sector: Technology Industry: Software—Infrastructure
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Buy Entry: 136.58 to 144.25
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NASDAQ:FTNT
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...
After long rally and good earning results, $FTNT may need some pull back. RSI's highs getting lower, each price goes up. and there is double top with negative divergence.
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thx
The cybersecurity stock, #FORTINET gained an average of 6.1% in April the past five years. After descent move since 20th March, now it is correcting. #RSI is weak, seems double top is formed. Watch for supports and resistances
Hi Traders :)
I am placing a short position NASDAQ:FTNT for the following ;
1- A bullish Bar (2D timeframe)
2- Momentum divergence between W3 & W5
3- I can count 5 waves
Loss stop is 97$
Best of luck :)))
Price has broken out once more on July 12th. Ideally, we would like to see price continue to the upside towards $70, followed by the figure 100.
This is a stock that I've been watching for a couple months now, and has been gaining bullish momentum despite overall market conditions. Price found very strong support @ $61, before the bullish momentum that resulted...
