Reasons for bullish bias: - Price making HH HL - Price crossing 63.44 would be another confirmation - Testing resistance zone Entry Level: 63.44 Stop Loss Level: 57.39 Take Profit Level 1: 69.49 Take Profit Level 2: 75.54 Take Profit Level 3: 80.69
As you see here on this 15-minute chart, we are approaching a major trendline. On the daily chart we are about to cross up, the RSI is slowly increasing and is currently approaching the 50 level. As you can see on the last bar of the 15-minute candle, we had a major push in volume. If we gap above the trendline on Monday, I would look for us to retest this level...
🔹FTNT is in a rising trend channel in the medium long term. 🔹FTNT surges after double bottom formation break through resistance at 57.16. 🔹supports at 69.50 for negative reaction. 🔹Overall assessed as technically positive for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH |...
- FTNT has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. - FTNT has met the objective at 66.36 after a break of the double bottom formation. - FTNT has support at 62.70 and resistance at 69.40. - Overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support,...
- FTNT has broken through the ceiling of a falling trend channel in the medium long term. - The stock has met the objective at 57 after a break of the double bottom formation. - The price has now fallen, but the formation indicates further rise. - The stock has support at 63 and resistance at 71. - The RSI curve shows a rising trend, which could be an early signal...
100 SMA holding up nicely on the weekly for FTNT . This is a big distribution pattern. It will take a while to break out , but overall trend is bullish
Don't be fooled! Future cashflows are doomed to be low. NASDAQ:FTNT
A bullish swing trade? Bouncing of EMA10. Target is 1.2x
A bearish swing trade? Bouncing of EMA10. Target is 1.2x
A bullish swing trade? Bouncing of EMA10. Target is 1.2x
I will short this every time it jumps from now onwards... short until it hits $100... yeah $100... thats right.
FORTINET heading for $240. Play safe. Regards, Subhash
Weekly chart is very promising. Buy some and put a loose stop. Expect zig-zags NASDAQ:FTNT
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...
NASDAQ:FTNT Uptrend and morning Star bounce from EMA 50 Fast Turtle Buy Banker Spike up
Is FTNT's honeymoon is close to end? Lets follow! FTNT made a massive motive rally from 106.75 to 322 . In this profitable journey it never lost the up going trend line. This strong dynamic support is no more existing! Price broke the line strongly. Moreover, a head and shoulder pattern at very top of the chart is forming. My experience says that this is a...
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