FTNT has been charging hard this month, but a cooling off period may be in front of us. Six of my algorithms triggered a SELL at the close of the opening bar yesterday. All six signals have never simultaneously signaled SELL at the same time. The last time Algorithm 2 (Buy-Sell-Now-v2) signaled on the FTNT 3 hour chart was 2010.
Like most of my algorithms, they...
According to technicals as shown Fortinet Inc. is about to make more gains as the price has broken through an ascending triangle.
The target is expected to be around $195.
Not a financial advice. Make your own research before getting in. Trade safe and have a nice day.
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.
FTNT Confirm the completion of the "Falling wedge " pattern, however, the target of the wedge is $152, but
this is the continuation pattern to complete the target of the "Cup and Handle" (Gap = Handle).
The final target is goblet height and it's at $175.
FTNT buy : $136 - $137
FTNT target 1 : $152
FTNT target 2 : $175
FTNT stop loss : 5%
Wish you a good deal!
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...
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
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Please don't trade according to the ideas, rely on your own knowledge.
On a minute chart, there was a buy trade for 266,069 shares; creating the biggest volume spike in this ETF's short history. (check volume candles on chart).
As we see the volume spike on a specific minute (10:48am ET), we can assume the trade was made by probably 1 institution/person. This means this individual created a position of 5 million dollars with a...
After long rally and good earning results, $FTNT may need some pull back. RSI's highs getting lower, each price goes up. and there is double top with negative divergence.
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First off, please don't take anything I say seriously or as financial advice. As always this is on opinion basis. That being said, let me get into a few points. Looking at past correlations and their date ranges, plus the current neutral views on FTNT ratings and the fact that earnings are expected to grow for the call in 3 days, I expect a short target of at...
The cybersecurity stock, #FORTINET gained an average of 6.1% in April the past five years. After descent move since 20th March, now it is correcting. #RSI is weak, seems double top is formed. Watch for supports and resistances
Hello Traders :)
Previously we managed to get an amazing short and we believe the TREND of FTNT NASDAQ:FTNT is still going-down we wrote two ideas and this is our third idea about the company!!! Below is the history...
In our first idea and position, I managed a short from 92$ and reached a 68$ achieving 35% gain.. (please check the idea below)
If you refer back to my previous analysis about NASDAQ:FTNT , then we are having a strong position from 92 USD and we are still holding our position. As explained in the chart, we will only close our position and go long if the price higher than 79 USD. We wait and watch :)
Happy Trading :)
a little bit of buying pressure has come back as i write this but my prediction is that it continues to fall through december and get closer to the .5 - .618 zone
previous cycles needed more time for the indicators to show oversold, and I predict the same thing will play out here
sorry for the grammer, my fingers are cold