Fortinet, Inc.
Short

Not a bright future for tech stocks

131
After almost touching level 1.618 on FiB, confirming positive news regarding the latest financial results and positive market conditions, #FTNT took a hard hit on the current tariffs being in talks, as part of their portfolio consists in physical hardware.
Even though, considering their regional market exposure, quite well divided between US and EU, FTNT took a hard hit and it continues to go lower.
Next region to be visited will be 80$, which is 30% down from ATH. I foresee it in the near future, as we may see escalations on broader market.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.