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 :)
If you didn't sell in April, i would sell now and wait until the earnings report gets released in October. Swing traders may benefit from the small spikes its is going to have on the way down.
This may be the start of a handle as the formation of the cup was not enough to sort out these shares.
Solid fundamentals with 18% sales growth an a modest increase of full year guidance .
Hi Traders :)
I am placing a short position NASDAQ:FTNT for the following ;
1- A bullish Bar (2D timeframe)
2- Momentum divergence between W3 & W5
3- I can count 5 waves
Loss stop is 97$
Best of luck :)))
This is a stock which we really missed out on, it is a cloud and fixed cyber security specialist which is at the epicenter of growth and spending. The stock has created a lovely base and is now breaking out with a minimum 10% upside in our opinion, we are long as of today and will hold for long term upside with $93 as our stop loss level.
I have been looking for another tech stock outside of the semiconductor space, and I believe I've found it with Fortinet. They had a solid earnings surprise at the end of February and after a choppy, volatile couple of months, they appear to be rallying again with the recent market tailwinds. The price is hitting the top Bollinger Band, MACD just crossed in the...
Fortinet has been moving impulsively higher in a five-wave sequence since 2016. Looking at the daily chart on the left, we can see what appears to be an extended Wave 3 that broke higher out of a parallel base channel. After topping out around $94 in October, FTNT pulled back and found support on the topside of the channel - a common support area for Wave 4...
Fortinet, Inc. is a network security company. The Company provides cyber security solutions to a range of enterprises, service providers and government organizations across the world. Its network security solution consists of FortiGate physical, virtual machine and cloud platforms, which provide integrated security and networking functions to protect data, applications and users from network-and content-level security threats. The Company's product offerings consist of its FortiGate product family, along with its FortiManager central management and FortiAnalyzer central logging and reporting product families. Its cybersecurity platform includes a range of products, which include its FortiMail e-mail security, FortiSandbox advanced threat protection (ATP), FortiWeb Web application firewall, FortiDDos and FortiDB database security appliances, as well as its FortiClient endpoint security software, FortiAP secure wireless access points and FortiSwitch secure switch connectivity products.
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FTNT
