Fortinet, Inc.
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FTNT : COILPOSITION TRADING ON THE BACK OF A 6-WK CONSOLIDATION WITH 38% PRICE RETRACEMENT. OBSERVE VOLUME ACCELERATION FOR TRADE ENTRY CONFIRMATION.
@FTNT - BUY Based on CCI 20 Close (-9.39)Buy Only for this One...
@FTNT
Estimated Earning Per Share USD 0.65
Last EPS USD 0.60
Buy Long: Fortinet Inc - Technology Software InfrastructureBuy Long: Fortinet Inc - Ticker: FTNT - Sector: Technology Industry: Software—Infrastructure
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Buy Entry: 136.58 to 144.25
Stop-Loss: Available to Subscribers
Take Profit Price Targets: Available to Subscribers
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FTNT trade ideaSelling pressure, bearish engulfing today so maybe a little downside. Guess is rinse and repeat, back down towards 50, then back up to test 150 (highs) again.
FTNT : BOOMER SET UPEarnings growth +30% (past 3 quarters)
Sales growth +20% (past three quarters)
Positive earnings revisions
FTNT reversal, going upBroke the short term downtrend from the previous days. IBD rating of 99.
Long @ $139.36
FTNT - Potential Breakout?Fortinet has had a strong run since the pandemic hit. It looks like it is forming a strong bull flag with strong support at the $122 level. RSI is not overbought and the MACD is rounding out.
I am going to look to go long around $127.00 with an exit around $152.00.
Good luck! This is not financial advice!
FTNT swing tradeCould be a good swing trade, resistance at previous low of range. Near 50 probably acting as a good support as well. Good upside potential if breaks through range.
Frontinet Inc (FTNT - NASDAQ) - Impulse wave patternFrontinet Inc (FTNT - NASDAQ) is in 5th wave extension and about to end wave 2 soon. Thereafter wave 3 will start moving up. In weekly time frame its at all time high and moving up in 5th internal of 3rd wave of C wave up. It’s a massive out-performer.
Time to sell FORTINET? - WeeklyFORTINET shows bearish divergence at the weekly timeframe. Lets see how this plays out.
Fortinet - Flag on 10smaSoftware companies have really enjoyed the rally year-to-date.
Fortinet shocked the market with a triple play in earnings, which resulted in a jump to start the "All-time-high Run"
TWLO, SHOP, OKTA, TTD are some examples of stocks with very similar moves, indicating oversold territory in the RSI can stay oversold for longer than you might expect. Also, the 10-day-moving average has been very indicative in these charts.
As long as we continue to hold the 10sma, the trend remains bullish.
Fortinet $FTNT is stalling?After long rally and good earning results, $FTNT may need some pull back. RSI's highs getting lower, each price goes up. and there is double top with negative divergence.
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$FTNT: Next Short Target is $120First 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 least $120 for a quick profit to be quite reasonable with manage-ably low risk.
FTNT Elliot Wave Analysis by VIXtraders#FTNT. First, it formed an inverted head and shoulders, marked at the red arrows. Second, it has completed a complex correction from minuette (iii) to (iv) in a W-X-Y pattern, which you can see by its sub-waves counts. I expect a bullish run towards target at (v) ~ 124. Earnings May 6th, so if considering FTNT, it is recommended to enter expiration greater than May 6th.
FORTINET #FTNTThe 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
Trade Journal: Long FTNT - 1/27/2020Market indexes pulled back today with a gap down and a closer lower. A lot of strong, trending names have been pulling back into the 20MA and I wanted to go long a stock with the best looking setup. FTNT has been on a powerful uptrend for the three months since breaking out in November 2019. FTNT tests and holds the 20MA three times within this recent trend. Today FTNT gapped down and made a nice high volume hammer though the 20MA and closed above it. This is called the Holy Grail trade. One of the key factors in the Holy Grail trade is to find trending stocks with strong fundamentals. FTNT has a solid fundamental rating on IBD and has strong earning/sales growth making FTNT a high growth stock.
Entry - 114.45
Stop Loss - 111.60
Target 1 - 120
Target 2 - 125
I will continue to hold FTNT until the stock closes below the 20MA on the daily chart.
Note - Despite many quality names having the same setup today, I only took a nibble at one encase the markets choose to continue the downside momentum. Market movement will affect this trade. I do believe we are currently at short term oversold conditions and the prospects of a bounce are strong technically.
