The PEAD projected a Bearish outlook for $FTNT after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 80%.
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
Price appears to have landed at the 1.113 of OX. Possible stop under C, or the 1.113. No recommendation. ZS had a beat so Cybersecurity is booming today. No recommendation Stop below 47.30
Fortinet is a big player in cybersecurity with strong revenue growth and rapidly growing demand for its services. In the very Long-term, Fortinet should do well. However, FTNT's technicals are signaling weakness on a more medium-term basis. The last year of FTNT price action has led to a rounded top formation. One could also argue that Fortinet shows signs of a...
This stock is played by investment bankers and trading bots! Their future outlook is based on infinite growth, but the truth is this is an extremely overpriced company and the future equity market condition isn't optimistic. Stay away from investing in this company! This is my personal view and not a financial advice! NASDAQ:FTNT NASDAQ:NDX TVC:SPX NASDAQ:TSLA
Notes: * Strong up trend on all time frames * Great earnings track record * Basing for the pas ~9 months * Moving higher from its launch pad with higher than average volume and another quarter of better than expected earnings * It's also breaking out of an ascending triangle Technicals: Sector: Technology - Software - Infrastructure Relative Strength vs....
Don't be fooled! Future cashflows are doomed to be low. NASDAQ:FTNT
The PEAD projected a Bullish outlook for $FTNT after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
watch out below on this one, no support its about to free fall
A bullish swing trade? Bouncing of EMA10. Target is 1.2x
Price is still inside the rectangle top. The bottom trendline is support until broken. Sometimes candles can tell a story and FTNT has had it's fair share of ominous candles. Most do not use candles by themselves but confirm with other indicators. Dark Cloud Cover consists of a green candle that is followed by a red candle that towers and closes above the...
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.
FTNT appears to be in a rectangle. A rectangle is a horizontal trading pattern and is neutral until a trendline is broken with a trend in that direction. This would be a Rectangle Top as price was in an uptrend leading to the pattern. This top is not a pretty one. No recommendation. Both life and investing can be long ballgames.
The PEAD projected a Bullish outlook for $FTNT after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 40%.
FORTINET heading for $240. Play safe. Regards, Subhash