Playing game is enough get ready to go back to business..! Potential price drop: 10% Reward/Risk:5 Timeframe: 1-2 months I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds...
FTNT has been charging hard this month, but a cooling off period may be in front of us. Six of my algorithms triggered a SELL at the close of the opening bar yesterday. All six signals have never simultaneously signaled SELL at the same time. The last time Algorithm 2 (Buy-Sell-Now-v2) signaled on the FTNT 3 hour chart was 2010. Like most of my algorithms, they...
The PEAD projected a bullish outlook for $FTNT after a positive over reaction after its earnings release placing the stock in drift B If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
FTNT fell from a rising wedge for a few days, but did not fall far. Bearish Divergence on RSI noted.. Candles look bullish.. NV and obv are high/Short interest is low.. Mixed messages on this one..not a recommendation.. Everything is easier when you are looking through the rear view mirror (o:
Let's take a look at NASDAQ:FTNT : 1) $FTNT has been continuously growing it's earning/EPS since April 2018. 2) It has been consolidating for a long time now. 3) It is in a bullish triangle formation. 4) Stochastic indicators are showing hidden bullish divergence. 5) It may be getting ready to take-off !!
According to technicals as shown Fortinet Inc. is about to make more gains as the price has broken through an ascending triangle. The target is expected to be around $195. Not a financial advice. Make your own research before getting in. Trade safe and have a nice day.
Here we have Fortinet stock that wants to climb to 184$. Fibonacci retracement bounces at level 61,8% expecting to achieve that goal I mentioned earlier. It's likely that it will get it next month.
Cyber stock. Good setup. Check the targets.
Monthly Strong uptrend Volatile Divergency = overheated. Weekly Downtrend Strong Sellers = not a good time to open Daily I recommend wait and better buy from SR level ( 93-95 OPEN 95 SL 86 TP 140 RR 3.5
To go long: I would want to see it first over this trend line, then over the major (march low to recent high) .786 fib, then preferably over the VPOC in red and .618 minor fib (Recent high to low) in black. The alternate bull case is a cup and handle with a run into earnings, bullish accumulation/distribution as shown below.
Got burned on this last quarter so stayed out. Beat big on both top and bottom lines plus great guidance. Got hammered anyways today. It was actually sitting a pre-COVID level too. Trailing P/E now 36, forward P/E around 30.... Not touching this unless it hits $70 again, which would be ridiculous, but I've seen the market do dumber things. I think it just...