After long rally and good earning results, $FTNT may need some pull back. RSI's highs getting lower, each price goes up. and there is double top with negative divergence. If you find my charts useful, please leave me a "like". thx
First off, please don't take anything I say seriously or as financial advice. As always this is on opinion basis. That being said, let me get into a few points. Looking at past correlations and their date ranges, plus the current neutral views on FTNT ratings and the fact that earnings are expected to grow for the call in 3 days, I expect a short target of at...
The cybersecurity stock, #FORTINET gained an average of 6.1% in April the past five years. After descent move since 20th March, now it is correcting. #RSI is weak, seems double top is formed. Watch for supports and resistances
Hello Traders :) Previously we managed to get an amazing short and we believe the TREND of FTNT NASDAQ:FTNT is still going-down we wrote two ideas and this is our third idea about the company!!! Below is the history... In our first idea and position, I managed a short from 92$ and reached a 68$ achieving 35% gain.. (please check the idea below) ...
Hello Traders, 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
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...
FTNT is seems a good momentum pattern. It also running within a downward channel. Now of if it breaks out it can go all the way up to 36 & higher Trade Criteria Entry Target Criteria- Break of $32 Exit Target Criteria- $36 & Higher Stop Loss Criteria- N/A You can check detailed analysis on FTNT in the trading room/ Executive summary link...
I would love it if this trades sideways a bit longer.