Fortinet, Inc. (FTNT)--- they’re in the cybersecurity biz, and the seasonal calendar is setting up pretty well for this stock. The stock has been riding the top of the Bollinger Band channel for almost 3 weeks now, there ‘might’ be some profit taking soon and it ‘may’ pull back some. You’ll notice that the 20-day moving average within the 2 standard deviation...
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.
Playing game is enough get ready to go back to business..! Potential price drop: 10% Reward/Risk:5 Timeframe: 1-2 months I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds...
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 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 Only for this One... @FTNT Estimated Earning Per Share USD 0.65 Last EPS USD 0.60
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. If you find my charts useful, please leave me a "like". thx
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