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
Cautious since tech name but showing R/S and near ATH Looking for more tightening action before breakout
Weekly chart is very promising. Buy some and put a loose stop. Expect zig-zags NASDAQ:FTNT
FTNT looks like a standout on the chart. I really like the last breakout attempt was on +780% volume with over mil shares traded. The moving averages look very orderly. Now it just needs a good entry, breakout, and follow-through. Coming off of 2 flat bases recently. Is in a really strong industry group. Watchlist worthy.
Fortinet is one of those beautifully trending stocks that just keeps going up and up. The whole cybersecurity space is only going to get more and more momentum over the next few years so well worth a look.
I see an IHS on the daily forming but also see a lot of resistance at the top. Worth a watch
Looking at the chart, I think this stock is going to break the 351 level before the year ends and award its shareholders a bountiful harvest ! It has soared more than 100% YTD , much more aggressive than the SPX500 and NASDAQ combined.
NASDAQ:FTNT Uptrend and morning Star bounce from EMA 50 Fast Turtle Buy Banker Spike up
Is FTNT's honeymoon is close to end? Lets follow! FTNT made a massive motive rally from 106.75 to 322 . In this profitable journey it never lost the up going trend line. This strong dynamic support is no more existing! Price broke the line strongly. Moreover, a head and shoulder pattern at very top of the chart is forming. My experience says that this is a...
On FTNT, RSI levels, between the time period 4th August to 30th August, have been declining while prices have bee sifting upwards. Now there is a H&S pattern that appears to have just been completed. Target - 253 Not a trading advice, do DD before investing
I let my pendulum pick a stock to buy/sell for this afternoon to hold overnight. Answer was FTNT. I've never traded it. Options are OK and I'm looking to the long side. I like the setup off the uptrend line that's holding today as well. I let the pendulum pick a stock this this morning from a smaller list and got the stock SI. It was up over 7% today, so I need to...
I sold all my $FTNT holdings at the last 2 combo 13. Am I regretting the sale? Yeah. I value $FTNT at about 50% overvalued (surprisingly every other high growth tech companies are sitting at this valuation too) and the move up has been really extended. I should have held just a little just in case. Right now we are looking to break ATH
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It is one of those hot IT spots in demand by Governments and Businesses alike and will probably only increase in importance over the years. Fortinet had a good pump on earnings, but I'd like to see it come back...
Maybe I am a bit too early but there are divergences on the chart that show, it could soon get ugly. 29th of July is Earnings Date, which could act as a catalyst. No trading advice, just my own opinion. shoutouts to my mate @TR7z
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...