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Fortinet, Inc.
Long
Updated

$FTNT Bullish pattern

Let's take a look at 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 !!
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FTNT has just broken an all time high and the ascending triangle.
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Earnings are tonight. Some interesting movement may be seen.
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Earnings were 7.85% less than expected.
Earnings still better than last quater.
We saw some sell off on friday, but the previous resistance seems to hold well as a support.
The lower tail of the red daily candle may show that the sell off was quickly bought back by traders.
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